The ledger of swann company contains the following balances


1. The ledger of Swann Company contains the following balances: D. Swann, Capital $30,000; D. Swann, Drawing $2,000; Service Revenue $50,000; Salaries Expense $27,000; and Supplies Expense $4,000. Prepare the closing entries at December 31. 

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Accounting Basics: The ledger of swann company contains the following balances
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