4. Post the closing c to see the effect of the closing entries: 10 2 PROBLEM 5-2A The partial work sheet for Ho Consulting for May follows: Check Figure Debit to Income Summary, second entry, $5,840 Required 1. Write the owner's name on the Capital and Drawing T accounts. 2. Record the account balances in the T accounts for owner's equity, revenue, and expenses. 3. Journalize the closing entries using the four steps in correct order. Number the closing entries 1 through 4. 4. Post the closing entries to the T accounts immediately after you journalize each one to see the effect of the closing entries. Number the closing entries 1 through 4