No 1 01/01/2022 Date Building Equipment Cash O'Donnell, capital Reese, capital General Journal Debit Credit 128,000 138,000 56,000 160,000 160,000 2 12/31/2022 Reese, capital 50,000 O'Donnell, capital 40,000 Income summary 10,000 3 01/01/2023 Cash 60,000 O'Donnell, capital 2,100 Reese, capital 11,900 Dunn, capital 74,000 4 12/31/2023 O'Donnell, capital 35,800x Reese, capital 19,620 Dunn, capital 14,800 O'Donnell, drawings 35,800 Reese, drawings 19,620 Dunn, drawings 14,800 5 12/31/2023 Income summary 98,000 O'Donnell, capital 54,280 Reese, capital 26,232 Dunn, capital 17,488 6 01/01/2024 Dunn, capital 76,668 Postner, capital 76,668 7 7 12/31/2024 O'Donnell, capital 43,276 Reese, capital 20,942 Postner, capital 15,334 O'Donnell, drawings 43,276 Reese, drawings 20,942 Postner, drawings 15,334 8 12/31/2024 Income summary 98,000 O'Donnell, capital 57,976 Reese, capital 24,014 x Postner, capital 16,010 9 01/01/2025 Postner, capital 16.010 * O'Donnell, capital 57,976 Reese, capital 24,014 x Cash 98,000 Prepare journal entries to record the previous transactions on the assumption that the goodwill (or revaluation is used. Drawings need not be recorded, although the balances should be included in the closing entries. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field round intermediate calculations. Round your final answers to the nearest dollar amount. Show No 1 Date 01/01/2022 Building Equipment Cash Goodwill O'Donnell, capital Reese, capital 2 12/31/2022 Reese, capital O'Donnell, capital Income summary 3 01/01/2023 Cash Dunn, capital 4 12/31/2023 O'Donnell, capital Reese, capital General Journal Dunn, capital O'Donnell, drawings Reese, drawings Dunn, drawings > > Debit 128,000 Credit 138,000 58,000 320,000 320,000 320,000 82,000 72,000 10,000 60,000 97,500 157,500 78,400 47,600 31,500 78,400 47,600 31,500 5 12/31/2023 Income summary 98,000 O'Donnell, capital 93,100 Reese, capital 2,940 Dunn, capital 1,960 01/01/2024 Goodwill Dunn, capital Cash Postner, capital 50,118 7,518 25,560 17,040 7 01/01/2024 Dunn, capital 145,000 Postner, capital 145,000 8 12/31/2024 O'Donnell, capital 82,844 Reese, capital 43,780 Postner, capital 29,000 O'Donnell, drawings 82,844 Reese, drawings 43,780 Postner, drawings 29,000 6 12/31/2024 Income summary 115,000 O'Donnell, capital 100,094 Reese, capital 8,944 Postner, capital 5,962 10 01/01/2025 Goodwill 35,871 O'Donnell, capital 5,381 Reese, capital 18,294 Postner, capital 12,196 11 01/01/2025 Postner, capital Cash 134,158 134,158