2 Keith Williams and Brian Adams were students when they formed a partnership several years ago for a part- time business called Music Works. Adjusted trial balance information for the year ended December 31, 2020, appears below. Account Balance* Balance* 8 04:03:36 Accounts payable $ 10,000 $ 33,300 Accumulated depreciation Account Keith Williams, capital** Keith Williams, withdrawals Note payable, due May 2022*** 80,000 55,000 Brian Adams, capital** 27,000 130,000 65,000 Office supplies 21,000 Brian Adams, withdrawals Cash Equipment Expenses 214,000 Revenues 310,000 Utilities payable 107,000 490,000 1,700 *Assume all account balances are normal. **The partners made no investments during the year. ***$45,000 of the note payable is due in May 2021. 2. Prepare the journal entry to close the Income Summary account to the partners' capital accounts. View transaction list View Journal entry worksheet No Date General Journal Debit Credit 1 Dec 31, 2020 Income summary 133,000 Keith Williams, capital 79,800 Brian Adams, capital 53,200