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 $35,000 shown on the worksheet. INCOME STATEMENT BALANCE SHEET ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT Cash Accounts Receivable Supplies Equipment Accum. Depr. - Equip. Accounts Payable N. Dorsey, Capital N. Dorsey, Fees Income Salaries Expense Rent Expense Supplies Expense Depr. Exp. -Equip Totals Net Income 9,100 12,200 4, 800 33,000 11, 200 10,100 35,000 Drawing 3,600 25,400 14,eee 1,700 1,000 2,300 19,000 25,400 62,700 56, 300 6,40e 25,400 25,40e 62,700 62,700 6,400 Prepare a journal entries for the Dorsey Company's on March 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 Mar 31, 2019 Record entry to transfer expenses to income summary. Note: Enter debits before credits. Date General Journal Debit Credit Mar 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 Mar 31, 2019 Record entry to transfer drawings to capital account. Note: Enter debits before credits Date General Journal Debit Credit Mar 31, 2019 Post the closing entries to the owner's capital account. General Ledger N. Dorsey, Capital Date Account No: 301 Debit Credit Balance Mar 01, 2019 Mar 31, 2019 Mar 31, 2019 Prepare a postclosing trial balance. DORSEY COMPANY Postclosing Trial Balance March 31, 2019 Account Name Debit Credit Totals