On January 1, 2015 Bonnie Northrup Avery Wilson, and Susan Westformed a partnership by investing $130.000 $140.000 and $100,000 respectively Dunng the remainder of the year Bonne Northrup withdrew Cash of $21 000 Avery Wilson withdrew $48.000 and Susan West withdrew 530,000 In addition, the following schedule shows how net income is located Bonne Northrup Avery Wilson Susan West 116,500 Net income Stones Interes Totally and interest Reminder to be located Reminder allocated between partners Balance of income to be located Yotal to be alocated to each partner 27000 6500 33.500 15 000 7.000 22.000 27.000 7000 34.000 9.000 9.000 3.000 (39 500) 27.000 27.000) 0 110 500 42,500 21 000 43,000 a) Prepare the entry to close the income summary account Enter an appropriate description and the date in the form 150) Gon Journal Date Action DebiCrede b) Calculate the post cosmo balance in each parts catacount Bonne North Capital Ay Wioon Capital yrynene od 11104 Question 5 [10 points] On January 1, 2015, Bonne Northrup. Avery Wilson, and Susan West formed in partnership by investing $130.000, 5140000 and $100,000 respectively During the remainder of the year Bonnie North Widow cash of 521.000 Avery Wison widow $41,000 and Susan West withdrew 530.000 In addition, the following schedule shows how to income is located 6500 Bonne Northrup Avey Wilson Susan Wed To Net income 110.500 S 27 000 15 000 27.000 interest 7.000 7 000 Totally and interest 33.500 22.000 1.000 (9.500 Render te bewed 27.000 mander located between partners 9.000 000 27.000 Bwance of income to be to 0 Toto beat to each partner 42.500 51.000 43.000 110 500 Powevery to close the consummary account to an appropriate cription in the date in de forma immm (1 Com Account OG 9.000 + Date the post cong lananchi INC Acry Wison Type BIO