The ledger accounts of AXX Internet Company appear as follows on March 31, 2019: ACCOUNT NO. ACCOUNT 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 BALANCE $ 67,000 36,060 9,300 23,700 105,000 40,020 11,700 117,000 11,709 316,600 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. Journal entry worksheet Record the closing entry for revenue. Notes to Note: Enter debits before credits. Date General Journal Debit Credit Mar 31, 2019 1 Record entry Clear entry View general journal Saved Post the transactions in to the appropriate ledger accounts. Hint: Be sure to enter beginning balances. Account No. 301 Credit Balance Account No. 302 Credit Balance A Aretha Hinkle, Capital Date Debit tar 31, 2019 Iar 31, 2019 tar 31, 2019 Aretha Hinkle, Drawing Date Debit Mar 31, 2019 Mar 31, 2019 Account No. 399 Credit Balance Account No. 401 Credit Balance Income Summary Date Debit tar 31, 2019 tar 31, 2019 lar 31, 2019 Fees Income Date Debit Mar 31, 2019 Mar 31, 2019 Insurance Expense Account No. 510 Credit Balance Account No. 511 Credit Balance Date Date Debit Depreciation Expense-Equipment Debit tar 31, 2019 tar 31, 2019 Mar 31, 2019 Mar 31, 2019 Account No. 514 Credit Balance Account No. 517 Credit Balance Debit Rent Expense Date tar 31, 2019 Car 31, 2019 Salaries Expense Date Debit Mar 31, 2019 Mar 31, 2019 Cal dar 31, 2019 Account No. 510 Credit Balance Account No. 511 Credit Balance Depreciation Expense Equipment Date Debit Mar 31, 2019 1ar 31, 2019 Insurance Expense Date Debit Mar 31 2019 Mar 31, 2019 S Account No. 514 Credit Balance Salaries Expense Date Debit Account No. 517 Credit Balance Rent Expense Date Debit Iar 31, 2019 Iar 31, 2019 Mar 31, 2019 Mar 31, 2019 Account No. 518 Credit Balance Account No. 519 Credit Balance Supplies Expense Date Debit tar 31, 2019 Iar 31, 2019 Telephone Expense Date Debit Mar 31, 2019 Mar 31, 2019 Account No. 523 Credit Balance Utilities Expense Date Debit tar 31, 2019 tar 31, 2019