The ledger accounts of AXX Internet Company appear as follows on March 31, 2019 ACCOUNT 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 8,500 101 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 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 ournal Ledgers Prepare the closing entries Aretha Hinkle, Capital Account No. 301 Aretha Hinkle, Drawing Account No. 302 Date Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Credit 121,000 110,300 21000 Mar 31, 2019 231,300 2100 12,100 Account No. 399 Fees Income Credit Debit 8,500 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 8,500 349260 349,260 Account No. 510 Account No. 511 Date Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 0,260Mar 31, 2019 20260 10500 10,500 Rent Expense Account No. 514 Account No. 517 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 32,100 Mar 31, 2019 157000 157,000 32100 Account No. 519 Account No. 518 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 4,700Mar 31, 2019 4700 5,900 Utilities Expense Account No. 523 Mar 31, 2019 Mar 31, 2019 8,500 General Journal The ledger accounts of AXX Internet Company appear as follows on March 31, 2019 ACCOUNT 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 8,500 101 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 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 ournal Ledgers Prepare the closing entries Aretha Hinkle, Capital Account No. 301 Aretha Hinkle, Drawing Account No. 302 Date Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Credit 121,000 110,300 21000 Mar 31, 2019 231,300 2100 12,100 Account No. 399 Fees Income Credit Debit 8,500 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 8,500 349260 349,260 Account No. 510 Account No. 511 Date Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 0,260Mar 31, 2019 20260 10500 10,500 Rent Expense Account No. 514 Account No. 517 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 32,100 Mar 31, 2019 157000 157,000 32100 Account No. 519 Account No. 518 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 4,700Mar 31, 2019 4700 5,900 Utilities Expense Account No. 523 Mar 31, 2019 Mar 31, 2019 8,500 General Journal