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 $ 38,200 Dr. 16,900 Dr. 3,100 Dr. 39,700 Dr. 55,000 Dr. 1,550 Cr. 7,600 Cr. 56,620 Cr. 7,300 Dr. 140,560 Cr. 4,900 Dr. 910 Dr. 3,700 Dr. 29,800 Dr. 6,820 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? Journal entry worksheet 1 2 3 4 > Record the closing entry for revenue. Note: Enter debits before credits. General Journal Debit Date Dec 31, 20X1 Credit Record entry Clear entry View general journal Journal entry worksheet Record the closing entry for expenses. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 20X1 Record entry Clear entry View general journal Journal entry worksheet