Danos Company’s Partial Worksheet Assignment

Danos Company's partial worksheet for the month ended December 31, 2019, is shown below. Open the owner's capital account (account number 301) in the general ledger and record the December 1, 2019, balance of $79,000 shown on the worksheet. ACCOUNT NAME Cash Accounts Receivable Supplies Equipment Accum. Depr. – Equip. Accounts Payable D. Danos, Capital

D. Danos, Drawing Fees Income Salaries Expense Rent Expense Supplies Expense Depr. Exp. -Equip. Totals Net Income INCOME STATEMENT BALANCE SHEET DEBIT CREDIT DEBIT CREDIT 24,500 25,000 10.500 67,000 23,000 20,000 79.000 7,500 55,000 29,800 4.300 2.150 6.250 42,500 55,000 134,500 122,000 12,500 12,500 55,000 55,000 134,500 134,500 Prepare the closing entries for the Danos Company's on December 31, 2019. Post the closing entries to the owner's capital account. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. General Journal General Ledger Trial Balance. Get Accounting homework help today