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Put the closing entries in the order

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Question - The ledger of Wildhorse Company contains the following balances: Owner's Capital $28,600, Owner's Drawings $2,700, Service Revenue $50,000, Salaries and Wages Expense $27,100, and Supplies Expense $7,900.

The closing entries are as follows:

(1) Close revenue accounts.

(2) Close expense accounts.

(3) Close net income/(loss).

(4) Close drawings.

Put the closing entries in the order presented in the problem and use the numbers as a reference.

Reference no: EM132626163

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