Dorsey Companys partial worksheet for the month ended March 31, 2019, is shown below. Open the owners capital account (account number 301) in the general ledger and record the March 1, 2019, balance of $40,500 shown on the worksheet.

	INCOME STATEMENT				BALANCE SHEET
ACCOUNT NAME	DEBIT		CREDIT		DEBIT		CREDIT
Cash					10,200
Accounts Receivable					14,400
Supplies					5,350
Equipment					38,500
Accum. Depr. - Equip.							13,400
Accounts Payable							11,200
N. Dorsey, Capital							40,500
N. Dorsey, Drawing					4,700
Fees Income			29,800
Salaries Expense	15,100
Rent Expense	2,250
Supplies Expense	1,550
Depr. Exp. Equip.	2,850
Totals	21,750		29,800		73,150		65,100
Net Income	8,050						8,050
	29,800		29,800		73,150		73,150

Prepare a journal entries for the Dorsey Companys on March 31, 2019. Post the closing entries to the owners capital account. Prepare a postclosing trial balance.