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 BALANCE SHEET

ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT

Cash 9,500

Accounts Receivable 13,000

Supplies 5,000

Equipment 35,000

Accum. Depr. - Equip. 12,000

Accounts Payable 10,500

N. Dorsey, Capital 37,000

N. Dorsey, Drawing 4,000

Fees Income 27,000

Salaries Expense 14,400

Rent Expense 1,900

Supplies Expense 1,200

Depr. Exp. Equip. 2,500

Totals 20,000 27,000 66,500 59,500

Net Income 7,000 7,000

27,000 27,000 66,500 66,500

How do you enter these transactions in a journal entries for the Dorsey Company's on March 31, 2019. Post the closing entries to the owner's capital account. How do you enter these in postclosing trial balance.

How do you enter these transactions in journal entries for the Dorsey Company's on March 31, 2019.

How do you enter these transactions to transfer fees income to income summary?

How do you enter these transactions to transfer expenses to income summary?

How do you enter these transactions to transfer net income or net loss from income summary to capital?

How do you enter these transactions to transfer drawings to capital account?

How do you enter these in General Ledger?

How do you enter these postclosing trial balance?