Schafer, Capital has a credit balance of $268,000 and Teresa Schafer, Drawing has a balance of $22,500. a. Journalize the entry required to close the Teresa Schafer, Drawing account. Feedback - Check My Work (or decreases) the owner's capital account instead of Income Summary. b. Determine the amount of Teresa Schafer, Capital at the end of the period. $X Feedback - Check My Work Investments Net Income (Loss) - Withdrawals