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

101	Cash	$	40,200	Dr.
111	Accounts Receivable		17,100	Dr.
121	Supplies		3,300	Dr.
131	Prepaid Rent		39,900	Dr.
141	Equipment		57,000	Dr.
142	Accumulated DepreciationEquip.		1,650	Cr.
202	Accounts Payable		7,800	Cr.
301	Emilio Gonzalez, Capital (12/1/2019)		58,620	Cr.
302	Emilio Gonzalez, Drawing		7,500	Dr.
401	Fees Income		145,680	Cr.
511	Advertising Expense		5,100	Dr.
514	Depreciation ExpenseEquip.		930	Dr.
517	Rent Expense		3,900	Dr.
519	Salaries Expense		31,800	Dr.
523	Utilities Expense		7,020	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?

On December 31, after adjustments, Gonzalez Compony's ledger contalns the following account bolances: 17,188 Dr 30,088 Dr 1,658 cr 111 ourts Recoivabla 131 PAgoic Ren: 141 quipnent 142 Acculated Depreciation-Equip 292 Accounts payable 381 Enii nzalez, Capital (12/1/2810) 145,688 r 5,188 Dr 3,980 Dr 7,828 Dr 514 Dsciatian Expene Equip 517 Rent Expen50 Required: 1. Joumallze the closing entries in the general journal. 2 Pos:the clesng entries to the generel ledger eccounts. Hint: Be sure to enter beginning balances Anelyze What is the beance of the Salaries Expense account after closing entries ere postea? Complete this question by entering your answers in the tabs below. View transaction list Journal entry worksheet Rccord thc cieaina entry tor revenua. Record entry Clcar entry View peneral journal RaquireRea.imd2 ny oat the cloaing entriss to the general ladger accounti. Hint: Ba sure to er beginning talancas. Dec 31, 2019 Dec 31, 2019 Expense Account No. 511 Account No. 514 Dste Dste Dec 31, 2019 Dec 31, 2019