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Dorsey Company's partial worksheet for the month ended March 31, 20x1, is shown below. Open the owner's capital account (account number 301) in the general
Dorsey Company's partial worksheet for the month ended March 31, 20x1, is shown below. Open the owner's capital account (account number 301) in the general ledger and record the March 1, 20X1, balance of $35,000 shown on the worksheet. Prepare a journal entries for the Dorsey Company's on March 31, 20x1. Post the closing entries to the owner's capital account. Prepare a post-closing trial balance. Record entry to transfer fees income to income summary. Note: Enter debits before credits. Journal entry worksheet Record entry to transfer expenses to income summary. Note: Enter debits before credits. Journal entry worksheet Record entry to transfer net income or net loss from income summary to capital. Note: Enter debits before credits: Journal entry worksheet Record entry to transfer drawings to capital account. Note: Enter debits before credits. 'repare a journal entries for the Dorsey Company's on March 31, 20X1. Post the closing entries to the owner's capital account. Prepare post-closing trial balance. Complete this question by entering your answers in the tabs below. Post the closing entries to the owner's capital account. Prepare a postclosing trial balance
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