Anderson Company's partial worksheet for the month ended December 31, 20X1, is shown below. Open the owner's capital account (account number 301) in the general ledger and record the December 1, 20X1, balance of $70,000 shown on the worksheet. Account Name Cash Accounts receivable Supplies Equipment Accumulated depreciation-Equipment Accounts payable J. Anderson, Capital J. Anderson, Drawing Fees income Salaries expense Security expense Supplies expense Depreciation expense-Equipment Totals Net income Income Statement Balance Sheet Debit Credit Debit Credit 20,000 23,200 9,600 63,000 21,200 19,600 70,000 6,600 49,600 28,000 3,400 1,700 4,900 38,000 49,600 122,400 110,800 11,600 11,600 49,600 49,600 122,400 122,400 Prepare the closing entries for the Anderson Company's on December 31, 20X1. Post the closing entries to the owner's capital account. Prepare a post-closing trial balance. General Journal General Ledger Trial Balance Prepare the closing entries for the Danos Company's on December 31, 20X1. View transaction list Journal entry worksheet Record entry to transfer fees income to income summary. Note: Enter debits before credits. Date General Journal Debit Credit 12/31/20X1 Record entry Clear entry View general journal Journal entry worksheet Record entry to transfer expenses to income summary. Note: Enter debits before credits. Date General Journal Debit Credit 12/31/20X1 Record entry Clear entry View general journal General Journal General Ledger > Journal entry worksheet Record entry to transfer net income or net loss from income summary to capital. Note: Enter debits before credits. Date General Journal Debit Credit 12/31/20X1 Record entry Clear entry View general journal General Journal General Ledger > Journal entry worksheet Record entry to transfer drawings to capital account. Note: Enter debits before credits. Date General Journal Debit Credit 12/31/20X1 Record entry Clear entry View general journal General Journal General Ledger > General Journal General Ledger Trial Balance Post the closing entries to the owner's capital account. General Ledger J. Anderson, Capital Account No: 301 Date Debit Credit Balance 12/31/20X1 12/31/20X1 12/31/20X1 Complete this question by entering your answers in the tabs below. General Journal General Ledger Trial Balance Prepare a postclosing trial balance. DANOS COMPANY Postclosing Trial Balance December 31, 20X1 Account Name Debit Credit Totals $ 0 $ 0