PROBLEM 5-1A After the accountant posted the adjusting entries for B. Lyon, Designer, the work sheet contained the following account balances on May 31: (Continued) Required 1. Write the owner's name on the Capital and Drawing T accounts. 2. Record the account balances in the T accounts for owner's equity, revenue, and expenses 3. Journalize the closing entries using the four steps in correct order. Number the closing entries 1 through 4. 4. Post the closing entries to the T accounts immediately after you journalize each one to see the effect of the closing entries. Number the closing entries 1 through 4