The partnership of Denfield and Gemaine reports the following information Peter Denfield withdrew cash of $152,000 for personal use. Brian Germaine withdrew cash of $125,000 during the year Net Income is $263,000. The first $131,500 is shared based on the partner capital investments (Denfield $98,000 and Germaine $165,000). The next $100,000 is shared based on partner service, with Denfield recelving 60 percent and Germaine receiving 40 percent. The remainder is shared equally Journalize the entries on December 31 to close to each Capital account with the net income to the partners, and to close the partners' Withdrawal accounts. Explanations are not required indicate the amount of increase or decrease in cach partner's Capital balance What was the overall effect on partnership capital? Journalize the entry to close net income to the partners. (Record debits first, then credits. Explanations are not required. Round the amounts to the nearest dollar.) Journal Entry Date Accounts Debit Credit Dec 31 Journalize the entry to close Denfield's withdrawal account Journal Entry Date Accounts Doc 31 Debit Credit Journalize the entry to close Gormaine's withdrawal account Journal Entry Date Accounts Debit Credit Doc 31