Complete Problem 4-4A on page 315 and Problem 4-5A on page 316 on a piece of paper and then answer the following questions. In Step 2 of the closing entries what was the total amount posted to the Income Summary account when closing the expense account(s)? What is the closing balance of the Owners' Capital account at December 31, 2023? In Step 3 of the closing entries what was the amount posted to the Capital account to close out the Income Summary account? What is the long-term portion of the Long- Term Notes Payable? Choose... Choose... Choose... Choose... ** MP + 10

Complete Problem 4-4A on page 315 and Problem 4-5A on page 316 on a piece of paper and then answer the following questions. In Step 2 of the closing entries what was the total amount posted to the Income Summary account when closing the expense account(s)? What is the closing balance of the Owners Capital account at December 31, 2023? In Step 3 of the closing entries what was the amount posted to the Capital account to close out the income Summary account? What is the long-term portion of the LongTerm Notes Payable? Complete Problem 4-4A on page 315 and Problem 4-5A on page 316 on a piece of paper and then answer the following questions. In Step 2 of the closing entries what was the total amount posted to the Income Summary account when closing the expense account(s)? What is the closing balance of the Owners Capital account at December 31, 2023? In Step 3 of the closing entries what was the amount posted to the Capital account to close out the income Summary account? What is the long-term portion of the LongTerm Notes Payable