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ACCOUNT NO. ACCOUNT 101 Cash 111 Accounts receivable 121 Supplies 131 Prepaid insurance 141 Equipment...

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Accounting

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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 519 Depreciation expense-Equipment 511 Insurance expense 514 Rent expense 517 Salaries expense 518 Supplies expense 519 Telephone expense 523 Utilities expense BALANCE $ 76,000 58,420 10,200 24,600 114,000 40,920 12,600 126,000 12,600 363,260 20,760 11,000 32,600 162,000 5,200 6,400 9,000 All accounts have normal balances. Required: 1. Prepare the closing entries. 2. Post the transactions into the appropriate ledger accounts. Hint: Be Complete this question by entering your answers in the tabs belo Prev 2 of 2 earch Bid Connect X + tion.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252 anments Saved Journal entry worksneet Prey 2 of 2 Next earch OP n.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%25 ments i Saved Journal entry worksneet

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