The ledger accounts of AXX Internet Company appear as follows on March 31, 20X1:

The ledger accounts of AXX Internet Company appear as follows on March 31,201 : All accounts have normal balances. Required: 1. Prepare the closing entries. 2. Post the transactions into the appropriate ledger accounts. Hint: Be sure to enter beginning balances. Prepare the closing entries. Journal entry worksheet 4 Note: Enter debits before credits. Prepare the closing entries. Journal entry worksheet Note: Enter debits before credits. Prepare the closing entries. Journal entry worksheet Record the closing entry for the balance of income summary. Note: Enter debits before credits. Prepare the closing entries. Journal entry worksheet Record the closing entry for the balance of income summary. Note: Enter debits before credits. Post the transactions into the appropriate ledger accounts. Hint: Be sure to enter beginning balances