Answer: The answer is given below
Explanation:
It should be noted that during the calculation, the total expense was gotten as $672,425 and this includes the rent, wages, supplies and miscellaneous expenses. The expense was higher than the fees earned of $632,080 by $40,345. Therefpre, the loss of $40,345 decreases the capital account and the capital account was debited.
Lastly, while close the drawings account, the capital account was debited and the drawings account was credited by $28,000.
Check the attachment for the journal