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Complete general journal, general ledger, and trial balance Danos Company's partial worksheet for the month ended December 31, 2019, is shown below. Open the owner's
Complete general journal, general ledger, and trial balance
Danos Company's partial worksheet for the month ended December 31, 2019, is shown below. Open the owner's capital account (account number 301) in the general ledger and record the December 1, 2019, balance of $81,000 shown on the worksheet. INCOME STATEMENT BALANCE SHEET ACCOUNT NAME DEBIT CREDITDEBITCREDI Cash Accounts Receivable Supplies Equipment Accum. Depr. - Equip Accounts Payable D. Danos, Capital D. Danos, Drawing Fees Income Salaries Expense Rent Expense Supplies Expense Depr. Exp. -Equip Totals Net Income 25,588 25,480 18,788 68,808 23,480 28, 288 81,808 7,788 56, 288 38,288 4, 588 2,258 43,588 56, 288 137,308 124,688 12,788 56, 288 56, 288 137,308 137,30e 12,788 Prepare the closing entries for the Danos Company's on December 31, 2019. Post the closing entries to the owner's capital account. Prepare a postclosing trial balance Complete this question by entering your answers in the tabs below General Journal General Ledger Trial Balance Prepare the closing entries for the Danos Company's on December 31, 2019 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 Dec 31, 2019 Record entry Clear entry View general journalStep by Step Solution
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