The ledger accounts of AXX Internet Company appear as follows on Ma ACCOUNT NO. ACCOUNT BALANCE 101 Cash $ 65,000 111 Accounts receivable 35,860 121 Supplies 9,100 131 Prepaid insurance 23,500 141 Equipment 103,000 142 Accumulated depreciation-Equipment 39,820 202 Accounts payable 11,500 301 Aretha Hinkle, Capital 115,000 302 Aretha Hinkle, Drawing 11,500 401 Fees income 311,000 510 Depreciation expense-Equipment 19,660 511 Insurance expense 9,900 514 Rent expense 31,500 517 Salaries expense 151,000 518 Supplies expense 4,100 519 Telephone expense 5,300 523 Utilities expense 7,900 ed it Journal entry worksheet < 1 2 3 4 Record the closing entry for revenue. Note: Enter debits before credits. Date Mar 31, 20X1 General Journal Debit Credit Record entry Clear entry View general journal < 1 2 3 4 Record the closing entry for expenses. Note: Enter debits before credits.. Date Mar 31, 20X1 General Journal Debit Credit Record entry Clear entry View general journal www < entry worksheet 2 3 4 Record the closing entry for the balance of income summary. Note: Enter debits before credits. Date Mar 31, 20X1 General Journal Debit Credit Record entry Clear entry View general journal General Journal Ledgers > Journal entry worksheet < 1 2 3 Record the closing entry for the drawing account. Note: Enter debits before credits. Date Mar 31, 20X1 General Journal Debit Credit Record entry Clear entry View general journal General Journal Ledgers >