The ledger accounts of AXX Internet Company appear as follows on March 31, 2019: ACCOUNT BALANCE NO. 101 Cash 111 Accounts Receivable 121 Supplies 131 Prepaid Insurance 141 Equipment S 40,000 29,910 5, 300 12,500 59,000 Accumulated Depreciation-Equipment 142 20,660 202 Accounts Payable 301 Aretha Hinkle, Capital 302 Aretha Hinkle, Drawing 401 Fees Income 7,000 65, 000 6,500 187,230 510 Depreciation 10,580 Expense-Equipment 511 Insurance Expense 514 Rent Expense 517 Salaries Expense 518 Supplies Expense 519 Telephone Exp 5, 700 16,500 83,000 2,800 3, 400 4,700 ense 523 Utilities Expense All accounts have normal balances. Required: 1. Prepare the closing entries 2. Post the transactions in to the appropriate ledger accounts. Hint: Be sure to enter beginning bal