On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances: $ 30,200 Debit 16,100 Debit 2,300 Debit 38,900 Debit 47,000 Debit 1,150 Credit 6,800 Credit 48,620 Credit 6,500 Debit 120,080 Credit 4,100 Debit 830 Debit 2,900 Debit 21,800 Debit 6,020 Debit 101 Cash 111 Accounts receivable 121 Supplies 131 Prepaid Rent 141 Equipment 142 Accumulated depreciation-Equipment 202 Accounts payable 301 302 401 511 Advertising expense 514 Depreciation expense-Equipment 517 519 523 Emilio Gonzalez, Capital (12/1/20X1) Emilio Gonzalez, Drawing Fees income Rent expense Salaries expense Utilities expense 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: posted?

On December 31, atter adjustments, Gonzalez Company's ledger contains the following account balances: Required: 1. Journalize the closing entries in the general journat 2. Post the closing entries to the general ledger accounts. Hint Be sure to enter beginning balances Journalize the closing entries in the general journal. Journal entry worksheet 4 Record the closing entry for revenue. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{2}{|c|}{EmilioGonzalez,CapitalDate} & \multicolumn{2}{c|}{ Account Number 301 } \\ \hline Debit & Credit & Balance \\ \hline December 31, 20X1 & & & \\ \hline Docombor 31, 20X1 & & & \\ \hline December 31, 20X1 & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{2}{|c|}{ Emilio Gonzalez, Orawing } & \multicolumn{2}{|c|}{ Account Number 302} \\ \hline Date & Debit & Credit & Balance \\ \hline December 31,201 & & & \\ \hline December 31,201 & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|c|}{IncomeSummaryDate} & Account Number 399 \\ \hline December 31,20X1 & & & Credit \\ \hline Decomber 31,20X1 & & & \\ \hline Decomber 31,20x1 & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{2}{|c|}{ Fees income. } & \multicolumn{2}{|c|}{ Account Number 401} \\ \hline Date & Debit & Credit & Balance \\ \hline \multicolumn{4}{|l|}{ December 31,201} \\ \hline December 31, 201 & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{2}{|c|}{ Advertising Expense } & \multicolumn{2}{|c|}{ Account Number S11 } \\ \hline Date & Debit & Credit & Balance \\ \hline \multicolumn{4}{|l|}{ Decomber 31, 20X1 } \\ \hline Decomber 31,201 & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Depreciation Expen & Equipment & Accou & ber 514 \\ \hline Date & Debit & Credit & Balance \\ \hline Decomber 31, 20X1 & & & \\ \hline Decomber 31, 201 & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Salaries Expense } & \multicolumn{2}{c|}{ Account Number 510} \\ \hline Date & Debit & Credit \\ \hline December 31,201 & & \\ \hline December 31,201 & & \\ \hline & & \\ \hline \end{tabular}