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Requirements 1. Prepare twe June 30 entries to clobe the tevenoc, evperise, income momary, and withorawal acoounts 2. Inted the cpening capital buawces in each
Requirements 1. Prepare twe June 30 entries to clobe the tevenoc, evperise, income momary, and withorawal acoounts 2. Inted the cpening capital buawces in each parther's castal T-acoount, pont the dosing envies to their asocurts, and detemine each partners ending capitar balance. solis tee 31 e6.000 Requirement 1. Prepare the June 30 entries to cloce the rovenue, expense, income summary, and withdrawal accounts. (Record debits frut, then credta. Seliect the eqplanation on tha last ine af the joumal ontry table.) Begin by joumalging the entry to cloca tho rovenue account. Prepare the entry to close the income summary account. (Prepare a single compound journal entry.) Prepare the entry to close the withdrawal accounts. (Prepare a single compound journal entry.) Campbelt, Capital of the joumal entry tible ) Journalize the sale of the non-cath asse's for $116,000. Journalize the payment of the liabilities. Journalize the distribution of the remaining cash to the partners
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