121 Supplies 131 Prepaid insurance 141 Equipment 142 Accumulated depreciation-Equipment 202 Accounts payable 301 Aretha Hinkle, Capital 302 Aretha Hinkle, Drawing 401 Fees Income 510 Depreciation expense-Equipment 511 Insurance expense 514 Rent expense 517 Salaries expense 518 Supplies expense 519 Telephone expense 523 Utilities expense 10,000 24,480 112,000 48,720 12,400 124,800 12,400 357,660 20,560 10,888 32,400 160,000 5,000 6,200 8,800 All accounts have normal balances Required: 1. Prepare the closing entries. 2 Post the transactions into the appropriate ledger accounts. Hint. Be sure to enter beginning balances Complete this question by entering your answers in the tabs below. General Journal Ledgers Prepare the closing entries. Viewsecon Journal entry worksheet 2 ASUS MMOROOC 1. Prepare the closing entries 2. Post the transactions into the appropriate ledger accounts. Hint. Be sure to enter beginning balances Complete this question by entering your answers in the tabs below. General Journal Ledgers Account No. 307 Credit Balance Post the transactions into the appropriate ledger accounts. Ent: Be sure to enter beginning balances Aretha Hinkle, Capital Account No. 301 Aretha Hinkle Drawing Date Debit Balance Date Debit Mar 31, 20x1 124 000 Mar 31, 20X1 Mar 11.2001 M 31. 20X1 Mar 31, 20x1 124.000 Account No.359 Credit Balance Income Summary Date Deble Mar 31, 20X1 Mar 3120X1 Mar 31, 20x1 Fees Incontie Date Debler Mar 31, 20X1 Mar 31 20X1 35760 Account Not Credit Balance 357 660 insurance Depreciation Experient Beli Mar 31, 20X1 Mat 35, 2061 Account No. 510 Cred Bleece De Mar 3120X1 Mar 3120X1 Hunt Account No. 514 Sales Expense Account 511 Ced Det Mar 31, 2011 ME Mar 31 20 Mar 320XT Telephone Cm Ma 20X1 11 0 2 121 Supplies 131 Prepaid insurance 141 Equipment 142 Accumulated depreciation-Equipment 202 Accounts payable 301 Aretha Hinkle, Capital 302 Aretha Hinkle, Drawing 401 Fees Income 510 Depreciation expense-Equipment 511 Insurance expense 514 Rent expense 517 Salaries expense 518 Supplies expense 519 Telephone expense 523 Utilities expense 10,000 24,480 112,000 48,720 12,400 124,800 12,400 357,660 20,560 10,888 32,400 160,000 5,000 6,200 8,800 All accounts have normal balances Required: 1. Prepare the closing entries. 2 Post the transactions into the appropriate ledger accounts. Hint. Be sure to enter beginning balances Complete this question by entering your answers in the tabs below. General Journal Ledgers Prepare the closing entries. Viewsecon Journal entry worksheet 2 ASUS MMOROOC 1. Prepare the closing entries 2. Post the transactions into the appropriate ledger accounts. Hint. Be sure to enter beginning balances Complete this question by entering your answers in the tabs below. General Journal Ledgers Account No. 307 Credit Balance Post the transactions into the appropriate ledger accounts. Ent: Be sure to enter beginning balances Aretha Hinkle, Capital Account No. 301 Aretha Hinkle Drawing Date Debit Balance Date Debit Mar 31, 20x1 124 000 Mar 31, 20X1 Mar 11.2001 M 31. 20X1 Mar 31, 20x1 124.000 Account No.359 Credit Balance Income Summary Date Deble Mar 31, 20X1 Mar 3120X1 Mar 31, 20x1 Fees Incontie Date Debler Mar 31, 20X1 Mar 31 20X1 35760 Account Not Credit Balance 357 660 insurance Depreciation Experient Beli Mar 31, 20X1 Mat 35, 2061 Account No. 510 Cred Bleece De Mar 3120X1 Mar 3120X1 Hunt Account No. 514 Sales Expense Account 511 Ced Det Mar 31, 2011 ME Mar 31 20 Mar 320XT Telephone Cm Ma 20X1 11 0 2