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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 $ 64,000 35, 760 9,000 23,400 102,000 39,720 11,400 114,000 11,400 308,200 19,560 9,800 31,400 150,000 4,000 5,200 7,800 All accounts have normal balances. General Journal Ledgers Prepare the closing entries. No Date General Journal Debit Credit 1 Mar 31, 2019 308,200 Fees income Income summary 308,200 2 Mar 31, 2019 03 Income summary Depreciation expense-Equipment Insurance expense Rent expense Salaries expense Supplies expense Telephone expense Utilities expense 19,560 9,800 31.400 150,000 4,000 5,200 7,800 SIS 3 Mar 31, 2019 Income summary Aretha Hinkle, Capital 08 4 Mar 31, 2019 O 11.400 Aretha Hinkle, Capital Aretha Hine Drawing 11,400 Account No. 301 Credit Balance Aretha Hinklo, Capital Date Debit Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Aretha Hinklo, Drawing Date Debit Mar 31, 2019 Mar 31, 2019 Account No. 302 Credit Balance itedit Account No. 399 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. 401 Credit Balance Depreciation Expense-Equipment Date Debit Mar 31, 2019 Mar 31, 2019 Account No. 510 Credit Balance Insurance Expense Date Debit Mar 31, 2019 Mar 31, 2019 Account No. 511 Credit Balance Rent Expense Date Debit Mar 31, 2019 Mar 31, 2019 Account No. 514 Credit Balance Salaries Expense Date Debit Mar 31, 2019 Mar 31, 2010 Account No. 517 Credit Balance Supplies Expense Da Mar 31.2019 Mar 31, 2010 Debit Account No. 51 Credit Balance Account No. 519 Credo Balance Telephone Expense Date Debit Mar 31, 2010 Mar 2010 De Account No. 23 Croat Balance Date Mar 31.2010 2010

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