The ledger axcounts of AXX internet comapny appear as follows on march 31,2019.

1. prepare the closing entries

2. post the transacrions in to the appropriate ledger accounts. hint: be sure to enter beginning balances

work Saved The ledger accounts of AXX Internet Company appear as follows on March 31, 2019: ACCOUNT ACCOUNT BALANCE 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 $ 40,000 29,910 5,300 12,500 59,000 20,660 7,000 65,000 6,500 187,230 10,580 5,700 16,500 83,000 2,800 3,400 4,700 es 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 Complete this question by entering your answers in the tabs below. View transaction list Journal entry worksheet