Wk. 5- Apply: Exercisei Saved The partial worksheet for the Jamison Company showed the following data on October 31, 2019. 7 INCOME BALANCE STATEMENT SHEET ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT Jason Jamison, Capital Jason Jamison, Drawing 39,000 6,000 12 29,000 Fees Income polnts Salaries Expense 14,00e Rent Expense 1,900 Supplies Expense Utilities Expense Depr. Exp. -Equip 1,300 1,400 1,750 20,350 29,000 50,650 42,000 8,650 Totals 8,650 Net Income 29,000 29,000 50,650 50,650 Prepare the closing entries for Jamison Company on October 31, 2019 View transaction Ilist Journal entry worksheet 1 2 3 4 Record entry to transfer fees income to income summary. Note: Enter debits before credits. Credit Date General Journal Debit Oct 31, 2019 Vlew general Journal Record entry Clear entry Wk. 5- Apply: Exercisei Saved INCOME STATEMENT BALANCE SHEET 7 DEBIT CREDIT ACCOUNT NAME DEBIT CREDIT 39,000 Jason Jamison, Capital Jason Jamison, Drawing 6,000 29,000 Fees Income Salaries Expense Rent Expense Supplies Expense Utilities Expense Depr. Exp. -Equip 14,000 1,900 1,300 1,400 1,750 20,350 29,000 s0,650 42,000 12 points Totals Net Income 8,650 8,650 29,000 29,000 50,650 50,650 Prepare the closing entries for Jamison Company on October 31, 2019. View transaction list Journal entry worksheet 3 4 Record entry to transfer expenses to income summary. Note: Enter debits before credits. General Journal Date Debit Credit Oct 31, 2019 Record entry Clear entry View general journal Wk. 5- Apply: Exercisei Saved The partial worksheet for the Jamison Company showed the following data on October 31, 2019 7 BALANCE INCOME SHEET DEBIT CREDIT DEBIT CREDIT STATEMENT ACCOUNT NAME Jason Jamison, Capital Jason Jamison, Drawing 39,000 6,000 Fees Income 29,000 12 Salaries Expense Rent Expense 14,000 points 1,900 1,300 Supplies Expense Utilities Expense Depr. Exp. -Equip. Totals 1,400 1,750 20,350 29,e00 50,650 42,000 8,650 Net Income 8,650 29,000 29,000 50,650 50,650 Prepare the closing entries for Jamison Company on October 31, 2019. View transaction list Journal entry worksheet