On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances:

101	Cash	$	42,200	Dr.
111	Accounts Receivable		17,300	Dr.
121	Supplies		3,500	Dr.
131	Prepaid Rent		40,100	Dr.
141	Equipment		59,000	Dr.
142	Accumulated DepreciationEquip.		1,750	Cr.
202	Accounts Payable		8,000	Cr.
301	Emilio Gonzalez, Capital (12/1/2019)		60,620	Cr.
302	Emilio Gonzalez, Drawing		7,700	Dr.
401	Fees Income		150,800	Cr.
511	Advertising Expense		5,300	Dr.
514	Depreciation ExpenseEquip.		950	Dr.
517	Rent Expense		4,100	Dr.
519	Salaries Expense		33,800	Dr.
523	Utilities Expense		7,220	Dr.

Required:

Journalize the closing entries in the general journal.

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?