eBook how Me How SHEETAL Closing Entries with income Assume that the entry dog toeges of 1270,000 and total expenses of $201.200 has been made for the wending Diet At the end of the locale Tea Schaec Citatos acreditance of 532.000 and Teresa Schafer, Drawing habe 27.100 a domale the entry required to close the Tema Schafer, Dewing macount. 1 Mount box does not reduire des entry leave it blank, KSHEETAL KSHEETAL Determine the amount of Teresa che Capital at the end of the period AKSHEETAL wt #4 BLANKSHEETAL LGO BOOK Show Me How Closing with income Asume that the entry in totales of 279.000 and total expers of 1208,200 has been made for the year ending December 31. At the end of the calatra Scapital has a credit balance of 5323,000 anderes Schafer, Dewing has a balance of 77.100 Jomake the entry required to do the Teresa Schafer, Drawing account of an amount box does not require an entire blank Teresa Schef Teresa Schafer, Drawing BLANKSHEETAL LANKSHEETAL LGO ANKSHEETAL TO The net effect of income ornets needs to be determined the company shows in the net balance is a credit. If the company shows anetos, the net balance debit. The otting account to come dosing entry for not income ornet loss is the wer's collccount. Also in desing, the drawing account is doned to cor decrease the owner's capital account b. Determine the amount of Teresa de Capital at the end of the period COM b. Similar to the Rafman Owner's out the amount of Teresa Schafer, Capcante determined by the owing to and Capital - Beginning Capital Investment Net Income withdrawal