WHAT ARE THE ANSWERS TO THIS>

Brief Exercise 4-05 The ledger of Cullumber Company contains the following balances: Owner's Capital $32,000, Owner's Drawings $1,000, Service Revenue $50,000, Salaries and Wages Expense $28,200, and Supplies Expense $6,900. The closing entries are as follows: (1) Close revenue accounts. (2) Close expense accounts. (3) Close net income/(loss). (4) Close drawings. Post the closing entries in the order presented in the problem and use the numbers as a reference. Salaries and Wages Expense 28200 (2) + 28200 Supplies Expense 6900 (2) ; 6900 Service Revenue (1) + 50000 50000 Owner's Drawings 1000 (4) + 1000 Income Summary 28200 50000 6900 Total + 32000 Total + Owner's Capital