AC114 Unit 5 Lab Assignment Question 4 of 7 View Policies

The ledger of Carla Vista Company contains the following balances: Owner's Capital $28,800, Owner's Drawings $1,700, Service Revenue $50,000, Salaries and Wages Expense $25,200, and Supplies Expense $6,200. The closing entries are as follows: (1) Close revenue accounts. (2) Close expense accounts. (3) Close net income/lloss). (4) Close drawings. Enter the balances in T-accounts, post the closing entries in the order presented in the problem and use the numbers as a reference. AC114 Unit 5 Lab Assignment Question 4 of 7 15 Service Revenue Owner's Drawings. eTextbook and Media Sive ior bater. Attempts: 0 of 5 used