Wk. 5 - Apply: Exercise i Seved The ledger accounts of AXX Internet Company appear as follows on March 31, 2019: points ACCOUNT NO. ACCOUNT 101 Cash 111 Accounts Receivable 121 Supplies 131 Prepaid Insurance 141 Equipment 142 Accumulated Depreciation Equipment 282 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 $ 68,000 36,160 9,480 23.889 196.069 40,120 11,800 118,000 11,809 319,469 19,960 10,200 31,800 154,009 4,489 5,689 8, 2ea 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 Journal Ledgers Prepare the closing entries. View transaction list Journal entry worksheet 2 3 4 nec lacint E- Wk. 5 - Apply: Exercise i Saved Complete this question by entering your answers in the tabs below. General Journal Ledgers 12 Prepare the closing entries. points View transaction list Journal entry worksheet Wk. 5 - Apply: Exercise i Saved Complete this question by entering your answers in the tabs below. General Journal Ledgers - 12 Prepare the closing entries. points View transaction list Journal entry worksheet Record the closing entry for expenses. Note: Enter debits before credits. General Journal Debit Credit Date Mar 31, 2019 Record entry Clear entry View general journal Wk. 5 - Apply: Exercise A Saved Complete this question by entering your answers in the tabs below. General Journal Ledgers Prepare the closing entries. points View transaction list Journal entry worksheet Wk. 5 - Apply: Exercise Soved Complete this question by entering your answers in the tabs below. General Journal Ledgers Post the transactions in to the appropriate ledger accounts. Hint: Be sure to enter beginning balances. 12 points Account No. 301 Credit Balance Aretha Hinkle, Drawing Date Debit Account No. 302 Credit Balance Aretha Hinkle, Capital Date Debit Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Account No. 399 Credit Balance Account No. 401 Credit Balance Income Summary Date Debit Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Fees Income Date Debit Mar 31, 2019 Mar 31, 2019 Account No. 510 Credit Balance Account No. 511 Credit Balance Depreciation Expense-Equipment Date Debit Mar 31, 2019 Mar 31, 2019 Insurance Expense Date Debit Mar 31, 2019 Mar 31, 2019 Account No. 514 Credit Balance Account No. 517 Credit Balance Debit Rent Expense Date Mar 31, 2019 Mar 31, 2019 Salaries Expense Date Debit Mar 31, 2019 Mar 31, 2019 Account No. 518 Credit Balance Account No. 519 Credit Balance Supplies Expense Date Debit Mar 31, 2019 Mar 31, 2019 Telephone Expense Date Debit Mar 31, 2019 Mar 31, 2019 Account No. 523 Credit Balance Utilities Expense Date Debit Mar 31, 2019 Mar 31, 2019