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The partial worksheet for the Jamison Company showed the following data on October 31, 2019. INCOME STATEMENTBALANCE SHEETACCOUNT NAMEDEBITCREDITDEBITCREDITJason Jamison, Capital31,500Jason Jamison, Drawing2,250Fees Income21,500Salaries Expense11,000Rent

The partial worksheet for the Jamison Company showed the following data on October 31, 2019.

INCOME

STATEMENTBALANCE

SHEETACCOUNT NAMEDEBITCREDITDEBITCREDITJason Jamison, Capital31,500Jason Jamison, Drawing2,250Fees Income21,500Salaries Expense11,000Rent Expense1,150Supplies Expense550Utilities Expense650Depr. Exp. Equip.1,000Totals14,35021,50043,15036,000Net Income7,1507,15021,50021,50043,15043,150

Prepare the closing entries for Jamison Company on October 31, 2019.

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