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6 Make changes to the following accounts via journal entry 1 as of 12/31/25 with an offset to Opening Balance Equity: 7 Close the Opening
6 Make changes to the following accounts via journal entry 1 as of 12/31/25 with an offset to Opening Balance Equity: 7 Close the Opening Balance Equity account (which should have a balance of \$10,075) to Owner's Equity via journal entry 2 as of 12/31/25. (Note: Use Owner's Equity as this company is a sole proprietorship. Retained Earnings would have been used if this company had been a corporation.)
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