zam.minnstate.edu/d2l/le/content/5250123/viewContent/47746843/View Journal Entry Assignment #4 Due: March 19, 2021 Tara Westmount, the proprietor of Tiptoe Shoes, had annual revenues of $285.000, expenses of $183,700, and withdrew $18.000 from the business during the current year. The owner's capital account before closing had a balance of $297,000. What is the journal entry required to close the Income Summary account at the end of the year after revenue and expense accounts have been closed? Hit Refer back to Chapter 4 where you learned how to close out the accounts at the end of the year. For this assignment you will only have one entry, just the one to close out Income Summary Although the closing we typically have four entries to complete You will need to create the first tio estres separately to determine the amount for this assignment General Journal (hp General Calibri Wrap Tort BIV. - A.A. Merge Center Paste $ - % -38 Conditional Formatas Formatting Table St Chipboard Font Alignment Number 09 A B D G 1 Journal Entry Assignment #5 Due: March 22, 2021 A company purchased $1,800 of merchandise on July 5 with terms 2/10, 1/30. On July 7, it returned $200 worth of merchandise. On July 28, it paid the full amount due. Record the journal entries associated with these three transactions 5 6 7 General Journal B Pour Dest Obt M S Merchandise 10 11 12 34 General Tytetet e O 00 e E R T U O S G H J K K L