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 $74,000 shown on the worksheet. INCOME STATEMENT BALANCE SHEET ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT 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 22,000 24,000 1e,000 65,900 22,000 20,eee 74, eee 52,000 28,800 3,800 1,900 5,500 40,800 52,000 128,000 116,000 12,900 52,000 52,000 128,000 128,000 12,000 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 Record entry to transfer fees income to income summary. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2019 Record entry to transfer expenses to income summary Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2019 Record entry to transfer net income or net loss from income summary to capital. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2019 Record entry to transfer drawings to capital account. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2019 Post the closing entries to the owner's capital account. General Ledger D. Danos, Capital Date Account No: 301 Debit Credit Balance Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 Prepare a postclosing trial balance. DANOS COMPANY Postclosing Trial Balance December 31, 2019 Account Name Debit Credit Totals