General Journal

Joumalize the entries to record the imvestments of Suarez and Fritz in the partnership accounts.

PAGE $5$

$\backslash$table$[[$JOURNAL$,$ACCOUNTING EQUATION$],[,$DATE,DESCRIPTION,POST. REF.,DEBIT,CREDIT,ASSETS,LIABILITIES,EQUITY$],[1,,,,,,,,],[2,,,,,,,,],[3,,,,,,,,],[4,,,,,,,,],[5,,,,,,,,],[6,,,,,,,,],[7,,,,,,,,],[8,,,,,,,,],[9,,,,,,,,],[10,,,,,,,,]]$

After adjustments at September $30,20$Y$9,$ the end of the first full year of operations, the revenues were $$293,150$ and expenses were $$203,500,$ for a net income of $$89,650.$ The drawing accounts have debit balances of $$27,600($Suarez$)$ and $$30,800($Fritz$).$ Journalize the entrles to close the revenues and expenses and the drawing accounts at September $30,20Yg.$

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$\backslash$table$[[$JOURNAL$,$ACCOUNTING EQUATION$],[,$DATE,DESCRIPTION,POST. REF.,DEBIT,CREDIT,ASSETS,LIABILITIES,EQUITY$],[1,,$Closing Entries,,,,,,$],[2,,,,,,,,],[3,,,,,,,,],[4,,,,,,,,],[5,,,,,,,,],[6,,,,,,,,],[7,,,,,,,,],[8,,,,,,,,],[9,,,,,,,,]]$