Anne and Del started their partnership tailoring business on $04$ March $2022.$ The total value invested by both the partners are as follows:

$\backslash$table$[[,$Superman,Batman$],[$Cash$,$$$53,000,$$$50,100$Anne and Del started their partnership tailoring business on $04$ March $2022.$ The total value invested by both the partners are as follows:

Superman Batman

Cash $$53,000$ $$50,100$

Accounts Receivables $7,0003,000$

Raw Material Supplies $10,0000$

Equipment $12,50030,000$

Computer $1,2002,000$

Land $111,000250,000$

Accounts Payable $31,0007,000$

Mortgage payables $11,0008,000$

During the year, Anne withdrawn $$8,000$ and Del made a withdrawal of $$4,000.$ The net profit for the year stands to $$118,000$ and is to be distributed among the partners based on their contribution.

Requirements:

$1.$ Prepare journal entries for recording the investments by both the partners.

$2.$ Journalize the withdrawals for both partners.

$3.$ Close the income summary and drawing accounts with T accounts and closing entries