Anderson Companys partial worksheet for the month ended December 31, 20X1, is shown below. Open the owners capital account (account number 301) in the general ledger and record the December 1, 20X1, balance of $69,000 shown on the worksheet.

	Income Statement				Balance Sheet
Account Name	Debit		Credit		Debit		Credit
Cash					19,500
Accounts receivable					23,000
Supplies					9,500
Equipment					62,500
Accumulated depreciationEquipment							21,000
Accounts payable							19,500
J. Anderson, Capital							69,000
J. Anderson, Drawing					6,500
Fees income			49,000
Salaries expense	27,800
Security expense	3,300
Supplies expense	1,650
Depreciation expenseEquipment	4,750
Totals	37,500		49,000		121,000		109,500
Net income	11,500						11,500
	49,000		49,000		121,000		121,000

Prepare the closing entries for the Anderson Companys on December 31, 20X1. Post the closing entries to the owners capital account. Prepare a post-closing trial balance.