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(Chok mo icon to view the adjusted trial balance) Read the quirements 41,000 Mar Clos (4 Morley, Capital Morley, Withdrawal 41,000 To close withdrawal Requirement

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(Chok mo icon to view the adjusted trial balance) Read the quirements 41,000 Mar Clos (4 Morley, Capital Morley, Withdrawal 41,000 To close withdrawal Requirement 2. The following T-accounts have been set up: Income Summary; Morley, Capital and Morley, Wihdrawals, Post the cloning entries to the T-accounts, and calculate their en Use "Clos. and the corresponding number as shown in the journal entry as posting references-"Clos. (17. "Clos (27', etc. The adjusted balance of each account has been entered for you a fo on the normal side of the account. For Income Summary, calculate and enter the balance ("Bal.") before posting the entry to close out the account. Post the entry to close Income Sum closing the third line) and then show the post-closing balance (Bal.") on the last fourth) line of the account Row the closing some You prepared above Morley, Withdrawals Adi Bal 41.000 41.000 Cloo (4) Clot (4) Clos/2) Morley, Capital 21,000 Adj. Bal 41.000 87,100 Clos (3) 67,100 Bar Income Summary 151,600 238,700 Clos(1) 87,100 Bal. 87.100 O Bal. B Clos (3) Requirement 3. How much was Quality's net income or not loss? Ouality had a net of

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