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The ledger accounts of Aveeno Company appear as follows on March 31, 20X1: ACCOUNT NO. 101 111 121 131 141 142 202 301 302 401

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The ledger accounts of Aveeno Company appear as follows on March 31, 20X1: ACCOUNT NO. 101 111 121 131 141 142 202 301 302 401 510 511 514 517 518 519 523 ACCOUNT Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Accounts payable Mesia Aveeno, Capital Mesia Aveeno, Drawing Fees income Depreciation expense-Equipment Insurance expense Rent expense Salaries expense Supplies expense Telephone expense Utilities expense BALANCE $ 80,000 59,820 10,600 25,000 118,000 41,320 14,000 130,000 13,000 374,460 21,160 11,400 33,000 166,000 5,600 6,800 9,400 All accounts have normal balances. .ces Required: 1. Prepare the closing entries. 2. Post the transactions into the appropriate ledger accounts. Hint: Be sure to enter beginning 2. Post the transactions into the appropriate ledger accounts. Hint Be sure to enter beginning balances. Complete this question by entering your answers in the tabs below. General Journal Ledgers Prepare the closing entries. View transaction list Journal entry worksheet View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. General Journal Ledgers Prepare the closing entries. View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. General Journal Ledgers Post the transactions into the appropriate ledger accounts. Hint: Be sure to enter beginning balances. Account No. 301 Credit Balance Account No. 302 Credit Balance Mesin Aveeno, Capital Date Debit Mar 31, 20X1 Mar 31, 20x1 Mar 31, 20X1 Mesia Aveeno, Drawing Date Debit Mar 31, 20X1 Mar 31, 20X1 Account No. 399 Credit Balance Account No. 401 Credit Balance Debit Debit Income Summary Date Mar 31, 20x1 Mar 31, 20X1 Mar 31, 20X1 Fees Income Date Mar 31, 20X1 Mar 31, 20X1 Account No. 510 Credit Balance Account No. 511 Credit Balance Date Depreciation Expense Equipment Debit Mar 31, 20X1 Mar 31, 20X1 Insurance Expenso Date Debit Mar 31, 20X1 Mar 31, 20X1 Account No. 514 Credit Balance Account No. 517 Credit Balance Debit Rent Expense Date Mar 31, 20X1 Mar 31, 20x1 Salarios Expense Date Debit Mar 31, 20X1 Mar 31, 20X3 Account No. 518 Credit Balance Account No. 519 Credit Balance Debit Supplies Expense Date Mar 31, 20X1 Mar 31, 20X1 Telephone Expense Date Debit Mar 31, 20X1 Mar 31, 20X1 Account No. 523 Credit Balance unities Expanse Date Debit Mar 31, 20X1 Mar 31, 20x1 General Journal

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