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 Emilio Gonzalez, Capital (12/1/20x1) 302 Emilio Gonzalez, Drawing 401 Fees income 511 Advertising expense 514 Depreciation expense-Equip. 517 Rent expense 519 Salaries expense 523 Utilities expense Required: $ 42,200 Dr. 17,300 Dr. 3,500 Dr. 40,100 Dr. 59,000 Dr. 1,750 Cr. 8,000 Cr. 60,620 Cr. 7,700 Dr. 150,800 Cr. 5,300 Dr. 950 Dr. 4,100 Dr. 33,800 Dr. 7,220 Dr. 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Analyze Journalize the closing entries in the general journal. View transaction list Journal entry worksheet < 2 3 4 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Analyze Journalize the closing entries in the general journal. View transaction list 1 Record the closing entry for revenue. 2 Record the closing entry for expenses. 3 Record the closing entry for the balance of income summary. 4 Record the closing entry for the drawing account. Note: journal entry has been entered Record entry Clear entry Credit View general journal Required Required 2 > Required 1 Required 2 Analyze Post the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances. Emilio Gonzalez, Capital Emilio Gonzalez, Drawing Date Dec 31, 20X1 Dec 31, 20X1 Dec 31, 20X1 Account No. 301 Debit Credit Balance Date Dec 31, 20X1 Dec 31, 20X1 Income Summary Date Dec 31, 20X1 Dec 31, 20X1 Dec 31, 20X1 Account No. 302 Debit. Credit Balance Account No. 399 Fees Income Account No. 401 Debit Credit Balance Date Debit Credit Balance Dec 31, 20X1 Dec 31, 20X1 Advertising Expense Date Dec 31, 20X1 Dec 31, 20X1 Account No. 511 Depreciation Expense- Equipment Debit Credit Balance Date Account No. 514 Debit Credit Balance Dec 31, 20X1 Dec 31, 20X1 Account No. 517 Salaries Expense Account No. 519. Debit Credit Balance Date Dec 31, 20X1 Debit Credit Balance Dec 31, 20X1 Rent Expense Date Dec 31, 20X1 Dec 31, 20X1 Utilities Expense Date Dec 31, 20X1 Dec 31, 20X1 Account No. 523 Debit Credit Balance < Required 1 Analyze > 517 Rent expense 519 Salaries expense 523 Utilities expense 958 Dr. 4,100 Dr. 33,800 Dr. 7,220 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Analyze What is the balance of the Salaries Expense account after closing entries are posted? Salaries expense