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Prepare the closing entries for the division of profit and for the drawings accounts at December 31, 2024, (Credit account titles are automatically indented
Prepare the closing entries for the division of profit and for the drawings accounts at December 31, 2024, (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries) Account Titles and Explanation Accounts Payable Daniel, Capital Debit 530.250 Credit 265,250 265.230 Chris, Capital (To close profit to capital.) Daniel Drawings 256,000 281,000 Chris. Drawings Cash ING 1121 9
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