The ledger accounts of AXX Internet Company appear as follows on March 31, 2019 ACCOUNT ACCOUNT 101 131 Cash 111 Accounts Receivable 121 Supplies Prepaid Insurance 141 Equipment 142 Accumulated Depreciation Equipment 202 Accounts Payable 301 Aretha Minkle, Capital 302 Aretha Hinkle, Drawing 401 Fees Income 510 Depreciation Expense-Equipment 511 Insurance Expense $14 Rent Expense 517 Salaries Expense 518 Supplies Expense 529 Telephone Expense 523 Utilities Expense BALANCE $ 67,000 36,060 9,300 23,700 105,000 40,020 11,700 117.000 11,700 316, 600 19,860 10,100 31,700 153,000 4,300 5,500 8,100 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. View transaction list Journal entry worksheet