PART II: In January of Yr1, Casey Bundy decided to go into business in Lafayette, Louisiana as a dog walker and pet sitter. He has come to you for advice. 1. On January 1, Yr1, Casey established his business as a sole proprietorship with an initial cash investment of $5,000. During Yr1, the business had revenues of $40,000 and expenses of $22,000, resulting in a profit of $18,000. Make the general journal entry to record the establishment of the proprietorship Also, prepare the closing entries at the end of the year. General Journal Date Account Titles Ref Debit Credit Accounting 202 Working Papers - FALL 2018 PART II: In January of Yr1, Casey Bundy decided to go into business in Lafayette, Louisiana as a dog walker and pet sitter. He has come to you for advice. 1. On January 1, Yr1, Casey established his business as a sole proprietorship with an initial cash investment of $5,000. During Yr1, the business had revenues of $40,000 and expenses of $22,000, resulting in a profit of $18,000. Make the general journal entry to record the establishment of the proprietorship Also, prepare the closing entries at the end of the year. General Journal Date Account Titles Ref Debit Credit Accounting 202 Working Papers - FALL 2018