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 (12/1/201) 302 Emilio Gonzalez, Drawing 401 Fees income 511 Advertising expense 514 Depreciation expense-Equip. 517 Rent expense 519 Salaries expense 523 Utilities expense $ 35,200 Dr. 16,600 Dr. 2,800 Dr. 39,400 Dr. 52,000 Dr. 1,400 Cr. 7,300 Cr. 53,620 Cr. 7,000 Dr. 132,880 Cr. 4,600 Dr. 880 Dr. 3,400 Dr. 26,800 Dr. 6,520 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 Journalize the closing entries in the general journal. View transaction list Journal entry worksheet 1 2 3 4 Record the closing entry for revenue. Note: Enter debits before credits. Date Dec 31, 20X1 General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 Analyze Post the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances. Emilio Gonzalez, Capital Date Dec 31, 20X1 Dec 31, 20X1 Dec 31, 20X1 Account No. 301 Emilio Gonzalez, Drawing Account No. 302 Debit Credit Balance Date Debit Credit Balance Dec 31, 20X1 Dec 31, 20X1 Income Summary Date Dec 31, 20X1 Dec 31, 20X1 Dec 31, 20X1 Account No. 399 Fees Income Account No. 401 Debit Credit Balance Date Dec 31, 20X1 Debit Credit Balance Dec 31, 20X1 Account No. 514 Debit Credit Balance Advertising Expense Account No. 511 Depreciation Expense- Equipment Date Debit Credit Balance Dec 31, 20X1 Dec 31, 20X1 Date Dec 31, 20X1 Dec 31, 20X1 Rent Expense Date Dec 31, 20X1 Dec 31, 20X1 Account No. 517 Debit Credit Balance Utilities Expense Date Dec 31, 20X1 Dec 31, 20X1 Account No. 523 Debit Credit Balance Account No. 519 Debit Credit Balance Salaries Expense Date Dec 31, 20X1 Dec 31, 20X1 < Required 1 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 < Required 2 Analyze >