The ledger accounts of AXX Internet Company appear as follows on March 31, 2019: ACCOUNT NO. 101 Cash 111 Accounts Receivable 121 Supplies 131 Prepaid Insurance 141 Equipment 142 Accumulated Depreciation-Equipment 202 Accounts Payable 301 Aretha Hinkle, Capital 302 Aretha Hinkle, Drawing 401 Fees Income 510 Depreciation Expense-Equipment 11 Insurance Expense 514 Rent Expense 517 Salaries Expense 518 Supplies Expense 519 Telephone Expense 523 Utilities Expense ACCOUNT BALANCE $ 71,000 57,920 9,700 24.100 109,000 40,420 12,100 121,000 12,100 349, 260 20,260 10,500 32,100 157,000 4,700 5,900 8,500 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 balances. Complete this question by entering your answers in the tabs below Aretha Hinkle, Capital Account No. 301 Aretha Hinkle, Drawing Account No. 302 Credit Date Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Debit Credit Balance Date 12,100 121,000 110,300 21000 Mar 31, 2019 231,300 12100 Income Summary Account No. 399 Fees Income Account No. 401 Date Mar 31, 2019 Mar 31, 2019 Mar 31. 2019 Debit Credit Balance Date Debit Credit 8,500 8,500Mar 31, 2019 Mar 31.2019_ 349260349,260 Depreciation Expense-Equipment Account No. 510 Credit Insurance Expense Date Account No. 511 Credit Balance Date Mar 31, 2019 Mar 31. 2019 Debit Debit Mar 31, 2019 Mar 31, 2019 20,260 10500 20260 10,500 Rent Expense Account No. 517 Credit Account No. 514 Salaries Expense Date Debit Date Mar 31, 2019 Mar 31, 2019 Balance Mar 31, 2019 32,100Mar 31, 2019 32100 157000 57,000 Supplies Expense Account No. 518 Telephone Expense Date Account No. 519 Date Mar 31, 2019 Mar 31, 2019 Debit Credit Balance Debit Credit Mar 31, 2019 4,700Mar 31, 2019 5,900 4700 5900 Utilities Expense Account No. 523 Date Mar 31, 2019 Mar 31, 2019 Debit Credit Balance 8,500