Question: From the following information, journalize the last two closing entries and present a statement of owners equity for NishimotoCompany. H. Nishimoto, Capital Income Summary Dec.

From the following information, journalize the last two closing entries and present a statement of owner€™s equity for NishimotoCompany.

H. Nishimoto, Capital Income Summary Dec. 31 Adj. 190,000 Dec. 31 Adj 206,000 Jan. 1 Bal. 450,000 Dec. 31 Closing 415,000 Dec. 31 Closing 492,000 Apr. 7 18,000 H. Nishimoto, Drawing Mar 35,000 Dec. 9 40,000

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