Dorsey Company's partial worksheet for the month ended March 31, 2019. is shown below. Open the owner's capital account (account number 301) in the general ledger and record the March 1, 2019, balance of $37.000 shown on the worksheet. INCOME STATEMENT DEBIT CREDIT ACCOUNT NAME Cash Accounts Receivable Supplies Equipment Accum. Depr. – Equip. Accounts Payable N. Dorsey, Capital N. Dorsey, Drawing Fees Income Salaries Expense Rent Expense Supplies Expense Depr. Exp. -Equip. Totals Net Income BALANCE SHEET DEBIT CREDIT 9,500 13,000 5.000 35,000 12.000 10,500 37,000 4,000 27,000 14,400 1,900 1.200 2,500 20,000 7,000 27,000 27,000 66,500 59,500 7.000 66,500 66,500 27,000 Prepare a journal entries for the Dorsey Company's on March 31, 2019 Post the closing entries to the owner's capital account.
Prepare a post-closing trial balance Complete this question by entering your answers in the tabs below. Prepare a journal entries for the Dorsey Company's on March 31, 2019. View transaction list Journal entry worksheet Record entry to transfer fees income to income summary Note: Enter debits before credits. General Journal Debit Credit Date Mar 31, 2019 Record entry Clear entry View general journal. Get Accounting homework help today