Determine the balances of the partners' capital accounts as of the end of $2023.$

$\backslash$table$[[,$Williams,Xie$],[$Capital account balances,,$]]$

On February $1,2023,$ Tessa Williams and Audrey Xie formed a partnership in Ontario. Williams contributed $$85,000$ cash and Xie contributed land valued at $$125,000$ and a small building valued at $$185,000.$ Also, the partnership assumed responsibility for Xie's $$135,000$ long$-$term note payable associated with the land and building. The partners agreed to share profit or loss as follows: Williams is to receive an annual salary allowance of $$95,000,$ both are to receive an annual interest allowance of $15\%$ of their original capital investments, and any remaining profit or loss is to be shared equally. On November $20,2023,$ Williams withdrew cash of $$65,000$ and Xie withdrew $$50,000.$ After the adjusting entries and the closing entries to the revenue and expense accounts, the Income Summary account had a credit balance of $$165,000.$

Required:

Present general journal entries to record the initial capital investments of the partners, their cash withdrawals, and the December $31$ closing of the Income Summary and withdrawals accounts.

$\backslash$table$[[,$No$,$Date,General Journal,Debit,Credit$],[6,1,$February $01,2023,$Cash,$85,000,],[,,$Land,$125,000,],[,,$Building,$185,000,],[,,$Tessa Williams, capital,,$85,000],[,,$Audrey Xie, capital,,$],[,,$Long$-$term notes payable,,$135,000],[,,,,,],[i,2,\backslash$table$[[$November $20,2023]],$Audrey Xie, withdrawals,$50,000,],[,,$Tessa Williams, withdrawals,$65,000,],[,,$Cash,,$115,000],[,,,,],[2,3,$December $31,2023,3$ Income summary,$165,000,],[,,$Tessa Williams, capital,,$],[,,$Audrey Xie, capital,,$],[,,,,],[2,4,$December $31,2023,\backslash$table$[[3,$Tessa Williams, capital$]],,],[,,$Audrey Xie, capital,,$],[,,$Tessa Williams, withdrawals,,$],[,,$Audrey Xie, withdrawals,,$]]$