Use the following income statement for the year 2021 for Belle Company to prepare entries to close the revenue and expense accounts for the company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Service revenue Expenses: Salaries and Wages Expense Rent Expense Advertising Expense Total expenses Net income (loss) $40,000 12,500 8,700 $85,000 61,200 $23,800

Use the following income statement for the year 2021 for Belle Company to prepare entries to close the revenue and expense accounts for the company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To close revenue account.) (To close expense account.) Save for Later Attempts: 0 of 1 used Submit Ans