On December 31, the Income Summary account of Coulter Company has a credit balance of $19,600 after revenue of $91,600 and expenses of $72,000 were closed to the account. Joseph Coulter, Drawing has a debit balance of $4,200 and Joseph Coulter, Capital has a credit balance of $48,000 Record the journal entries necessary to complete closing the accounts. Post the closing entries to the Joseph Coulter, Capital account. Complete this question by entering your answers in the tabs below General General Journal Ledger Record the journal entries necessary to complete closing the accounts. View transaction list Journal entry worksheet Record entry to transfer net income or net loss from income summary to capital Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2016 Complete this question by entering your answers in the tabs below General Journal General Ledger Record the journal entries necessary to complete closing the accounts. View transaction list Journal entry worksheet Record entry to transfer net income or net loss from income summary to capital. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2016 Record entry Clear entry View general journal General Journal General Ledger Complete this question by entering your answers in the tabs below General Journal General Ledger Record the journal entries necessary to complete closing the accounts. View transaction list Journal entry worksheet Record entry to transfer drawings to capital account. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2016 Record entry Clear entry View general journal General Journal General Ledger> On December 31, the Income Summary account of Coulter Company has a credit balance of $19,600 after revenue of $91,600 and expenses of $72,000 were closed to the account. Joseph Coulter, Drawing has a debit balance of $4,200 and Joseph Coulter, Capital has a credit balance of $48,000 Record the journal entries necessary to complete closing the accounts. Post the closing entries to the Joseph Coulter, Capital account. Complete this question by entering your answers in the tabs below General ourna General Ledger Post the closing entries to the Joseph Coulter, Capital account General Ledger Account No: 301 Joseph Coulter, Capital Debit Date Credit Balance Dec 31, 2016 Dec 31, 2016 Dec 31, 2016 General Journal General Ledger