chapter 4 hw

investigasve Services prepared an end-ot-period spreadsheot, a part of which follows: Instructions Required: 2. Jounalie the entries that were requined to close the accounts at dune 30 . 3. If Stacy Tannev, Capital has instead decreased $50,000 after the closing entries were posted, and the withdrawals remained the same, what would have been the amount of net income or net loss? 'Be sure to read the instructions for each financial statement carefuly. Aefor to the chart of accounds and the lat of Labels and Amount Descriptions provided for the exact wording of the answer choiovs for text entries