 In this presentation, we will take a look at a closing process for a partnership. We're going to enter the information in the left-hand side in the general journal and post that to a worksheet so that we can see the effect on the accounts in the worksheet. Our worksheet has a trial balance. The trial balance has the green accounts being the assets, the liability count in orange, the capital accounts in light blue, then the income statement accounts including the revenue and expenses in the dark blue. The net income is at 7,000. We have 7,000, which is revenue minus expenses of that 7,000. Debits are in positive numbers, credits negative numbers to result in debit minus credits of zero. So we're in balance because the debits equal the credits. Our goal here, like any goal of the closing process, no matter what type of business is to close out the temporary accounts. So the temporary account