The ledger accounts of AXX Internet Company appear as follows on March 31, 2019: ACCOUNT NO ACCOUNT 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 511 Insurance Expense 514 Rent Expense 517 Salaries Expense 518 Supplies Expense 519 Telephone Expense 523 Utilities Expense BALANCE $ 79,689 58,720 10,589 24,999 117,000 41,220 12,990 129,000 12,989 371,660 21,060 11,300 32,900 165,000 5,500 6,700 9,300 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. General Journal Ledgers Prepare the closing entries. View transaction list Journal entry worksheet