Current Attempt in Progress The worksheet for Ajeeb Company shows the following in the financial statement columns Owner's Drawings Owner's Capital Net Income $22,000 70,000 41,000 Prepare the closing entries at December 31 that affect Owner's Capital (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Debit Credit Account Titles and Explanation Income Summary Dec. 31 Owner's Capital (To close net income / (loss)) Dec. 31 (To close drawings) e Textbook and Media List of Accounts Attempts:O of 1 used Submit Answer Save for Later Last saved 3 minutes ago Saved work will be auto-submitted on the due date. Current Attempt in Progress Hanson Company has an inexperienced accountant. During the first month on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made. The purchase of supplies for $650 cash was debited to Equipment $210 and credited to Cash $210. A $500 withdrawal of cash for B. Hanson's personal use was debited to Salaries and Wages Expense $900 and credited to Cash $900. A payment on account of $820 to a creditor was debited to Accounts Payable $280 and credited to Cash $280. 1. 2. 3. Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. 3. e Textbook and Media List of Accounts Attempts: 0 of 1 used Submit Answer Save for Later