On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances: 101 Cash $ 94 , 400 Dr. 111 Accounts Receivable 35 , 600 Dr. 121 Supplies 8, 000 Dr . 131 Prepaid Rent 81, 200 Dr. 141 Equipment 128, 000 Dr. 142 Accumulated Depreciation-Equip. 4, 000 Cr. 202 Accounts Payable 17,000 Cr. 301 Emilio Gonzalez, Capital (12/1/2019) 131 , 240 Cr. 302 Emilio Gonzalez, Drawing 16 , 400 Dr. 401 Fees Income 327, 200 Cr. 511 Advertising Expense 11 , 600 Dr. 514 Depreciation Expense-Equip. 2, 000 Dr. 517 Rent Expense 9, 200 Dr. 519 Salaries Expense 77, 600 Dr. 523 Utilities Expense 15, 440 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