Instructions Assume that the entry closing total revenues of $941,800 and total expenses of $747,700 has been made for the year. At the end of the fiscal year, Teresa Schafer, Capital has a credit balance of $1,433,000 and Teresa Schafer, Drawing has a balance of $29.000 Required: (a) Journalize the entry required to close the Teresa Schafer, Drawing account. Refer to the Chart of Accounts for exact wording of account titles (b) Determine the amount of Teresa Schafer, Capital at the end of the period. bumaitze the entry required to close the Teresa Schafer, Drawing account. Refer to the Chart of Accounts for exact wording of account titles. PAGE JOURNAL ACCOUNTING EQUATION DATE POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQU DESCRIPTION Closing Entries mal Final Question (b) Determine the amount of Teresa Schafer, Capital at the end of the period