DE4-6 Study Exhibit 4-5 on the acetates between pages 130 and 131. 1. Journalize the closing entries for

a. Owner's withdrawals

b. Service revenue

c. All the expenses (make a single closing entry for all the expenses)

d. Income Summary 2. Set up all the T-accounts affected by requirement 1 and insert their adjusted balances (denote as Bal.) at April 30. Also set up a T-account for Income Summary. Post the clos- ing entries to the accounts, denoting posted amounts as Clo. 3. What is the ending balance of

a. Gay Gillen, Capital?

b. All the other accounts for which you set up T-accounts?