The partnership contract for Bates & Carter LLP provided for salaries to partners and the division of net income or losses as follows:

1. Salaries of $40,000 a year to Bates and $60,000 a year to Carter.

2. Interest at 12% a year on beginning capital account balances.

3. Remaining net income or loss 70% to Bates and 30% to Carter.

For the fiscal year ended December 31, 2005, Bates & Carter LLP had presalaries income of $200,000. Capital account balances on January 1, 2005, were $400,000 for Bates and

$500,000 for Carter; Bates invested an additional $100,000 in the partnership on September 30, 2005. In accordance with the partnership contract, both partners drew their salary allowances in cash from the partnership during the year.

Prepare journal entries for Bates & Carter LLP on December 31, 2005, to (1) accrue partners’ salaries and (2) close the Income Summary (credit balance of $100,000) and drawing accounts. Show supporting computations in the journal entry closing the Income Summary account.