i need help because i do not undertand why is imcomplete.
On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances: 101 Cash 111 Accounts receivable 121 Supplies 131 Prepaid Rent 141 Equipment 142 Accumulated depreciation Equip 202 Accounts payable 301 Esilio Gonzalez, Capital (12/1/20x1) 302 Emilio Gonzalez, Drawing 401 Fees Incone 511 Advertising expense 514 Depreciation expense-Equip. 517 Rent expense 510 Salaries expense 523 Utilities expense $ 27, 200 or 15,800 Dr. 2,000 Dr. 38, 600 Dr. 44,000 or 1,000 Cr. 6,500 Cr 45,620 Cr 6,200 Dr 112,400 Cr 3,800 Dr 800 Dr. 2,600 or 18, 800 Dr. 5,720 Dr. Required: 1. Journalize the closing entries in the general journal, 2. Post the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances. Analyze: What is the balance of the Salaries Expense account after closing entries are posted? Answer is not complete. Required 1 Required 2 Analyze Journalize the closing entries in the general Journal No Date General Journal Dec 31, 20X1 Fees income Income summary Debit Credit 1 112,400 3 112,400 2 Dec 31, 20X1 31,720 Income summary Advertising expense Depreciation expense-Equipment Rent expense Salaries expense Utilities expense OOOOO 3,800 800 2,600 18,800 5,720 3 Dec 31, 20X1 80,680 Income summary Emilio Gonzalez, Capital 80,680 Dec 31, 20X1 6,200 Emilio Gonzalez, Capital Emilio Gonzalez, Drawing 6,200 Red Required 2 > Ret Required 1 Required 2 Analyze Post the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances, Emilio Gonzales, Capital Account No. 301 Emilio Conse, Drawing Date Debit Credit Balance Date Debit Dec 31 20x1 45,620 Dec 31, 2X1 Dec 31 6,200 39.420 Dec 31, 20X1 Dec 31 20x1 Account No. 302 Credit Balance 6.200 20x1 6.200 0 Fees Income Debit Account No. 300 Credit Balance 112,400 112,400 Date Account No, 401 Credit Balance 112.400 Income Summary Date Debit Dec 31, 20X1 Dec 11, 20x1 31.720 Dec 31 20x1 10.680 Dec 31, 20X1 30.680 Dec 31, 20x1 112,400 0 Advertising Expense Account No. 511 Account No. 514 Depreciation Expense-Equipment Date Debit Dehr Credit Balance Credit Balance BO 3.800 Dec 31, 20X1 Date Dec 31 20X1 Dec 31 20xi D 3.800 Dec 31, 20X1 800 0 Dec 31, 20X1 80.680 Advertising Expense Account No. 511 Account No. 514 Debit Credit Balance Credit Balance Date Dec 31, 20x1 Dec 31, 20x1 Depreciation Expense-Equipment Date Debit Dec 31, 20x1 Dec 31, 20X1 3,800 800 3,800 0 800 0 Account No. 519 Credit Balance Rent Expense Date Debit Dec 31, 20x1 Dec 31 20X1 Account No. 517 Credit Balance 2,600 2,600 0 Salaries Expense Date Debit Dec 31, 20X1 Dec 31, 20x1 18,800 18,800 0 Utilities Expense Debit Dec 31, Account No. 523 Credit Balance Date 20x1 5,720 Dec 31, 20x1 5.720 0 (Required 1 Analyze >
