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 511 Insurance Expense 514 Rent Expense 517 Salaries Expense 518 Supplies Expense 519 Telephone Expense 523 Utilities Expense ACCOUNT BALANCE $ 60,e0e 35,360 8,600 23,000 98,000 39,320 11,e00 110,000 11,e00 297,000 19,160 9,400 31,000 146,000 3,600 4, 800 7,400 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 Record the closing entry for revenue. Note: Enter debits before credits. Date General Journal Debit Credit Mar 31, 2019 Record the closing entry for expenses. Note: Enter debits before credits. Date General Journal Debit Credit Mar 31, 2019 Record the closing entry for the balance of income summary Note: Enter debits before credits. Date General Journal Debit Credit Mar 31, 2019 Record the closing entry for the drawing account. Note: Enter debits before credits. Date General Journal Debit Credit Mar 31, 2019 Post the transactions in to the appropriate ledger accounts. Hint: Be sure to enter beginning balances Aretha Hinkle, Capital Account No. 301 Aretha Hinkle, Drawing Debit Account No. 302 Date Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Debit Credit Balance Date Credit Balance Mar 31, 2019 Income Summary Account No. 399 Fees Income Account No. 401 Debit Date Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Debit Credit Balance Date Credit Balance Mar 31, 2019 Mar 31, 2019 Account No. 510 Insurance Expense Date Depreciation Expense-Equipment Account No. 511 Date Mar 31, 2019 Mar 31, 2019 Debit Credit Balance Debit Credit Balance Mar 31, 2019 Mar 31, 2019 Rent Expense Account No. 514 Salaries Expense Date Account No. 517 Credit Date Mar 31, 2019 Mar 31, 2019 Debit Credit Balance Debit Balance Mar 31, 2019 Mar 31, 2019 Supplies Expense Account No. 518 Telephone Expense Date Account No. 519 Date Mar 31, 2019 Mar 31, 2019 Debit Credit Balance Debit Credit Balance Mar 31, 2019 Mar 31, 2019 Utilities Expense Account No. 523 Date Mar 31, 2019 Mar 31, 2019 Debit Credit Balance