4. Georgia and Hattie are 70%-30% partners in the GH partnership. The partnership had a $200,000 loss for the year ending December 31, 2020. Prepare the appropriate journal entry to close the income summary to the partners capital accounts. 5. Ingrid and Jackson are 50%-50% partners in IJ partnership. Jackson has a $50,000 guaranteed salary. The partnership had $300,000 net income for the year ending December 31, 2020. Prepare the appropriate journal entry to close the income summary to the partners capital accounts. 6. On January 1, 2020 The KL partnership admitted a new partner Mallory. Mallory paid $200,000 cash for a one -third interest in the partnership. Prior to the addmittance of Mallory; Kendra and Logan were 50%-50% partners. Kendra had a capital account balance of $100,000 and Logan had a capital account balance of $80,000, prior to the addmittance of Mallory. Prepare the journal entry to admit Mallory into the partnership. 7. On January 10th Nora withdrew from The Nora, Olive, Patty Partnership. Nora received a cash payment of $200,000 for her partnership interest. At the time of her withdrawal from the partnership Nora had a capital Account balance of $250,000. After Nora left the Partnership Olive and Patty were 50%-50% partners in the OP partnership. Prepare the journal entry to remove Nora from the Partnership