please do both if possible on Excel

4. Geraldine Gaynor and Hortense Harris are partners in the GH partnership. Geraldine has a 70% interest and Hortense has a 30% interest. Hortense has a guaranteed annual salary of $60,000. The GH Partnership has a $200,000 loss for the Year Ended December 31, 2020. Required: Prepare the journal entry to close Income Summary to the Partner's capital accounts. 5. Ignatz Irwin is a partner in the IJ partnership. On July 1st, Ignatz sold his partnership interest to Matilda Martin for $90,000 cash. At the time of the sale Ignatz Irwin's Capital Account had a balance of $40,000. Required: Prepare the journal entry tha IJ Partnership records for the sale of the partnership interest