Help Save & Exit Submit On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances: 101 Cash 111 Accounts Receivable 121 Supplies 131 Prepaid Rent 141 Equipment 142 Accumulated Depreciation-Equip 94,400 Dr 35, 600 Dr. B,000 Dr 81,200 Dr. 128, 000 Dr. 4,000 Cr. 202 Accounts Payable 17,000 Cr. 301 Emilio Gonzalez, Capital (12/1/2019) 131,240 Cr. 16, 400 Dr. 302 Emilio Gonzalez, Drawing 401 Fees Income 511 Advertising Expense 514 Depreciation Expense-Equip 517 Rent Expense 519 Salaries Expense 523 Utilities Expense 327,200 Cr 11,600 Dr. 2,000 Dr. 9,200 Dr 77,600 Dr. 15,440 Dr. Required: 1. Journalize the closing entries in the general journal 2. Post the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances. Analyze What is the balance of the Saleries Expense account after closing entries are posted? Complete this question by entering your answers in the tabs below