Problem 6.3A (Algo) Journalizing and posting closing entries. LO 6-1 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. 202 Accounts payable 301 Emilio Gonzalez, Capital (12/1/201) 302 Emilio Gonzalez, Drawing 401 Fees income 511 Advertising expense 514 Depreciation expense-Equip. 517 Rent expense 519 Salaries expense 523 Utilities expense $ 45,200 Dr. 17,600 Dr. 3,800 Dr. 40,400 Dr. 62,000 Dr. 1,900 Cr. 8,300 Cr. 63,620 Cr. 8,000 Dr. 158,480 Cr. 5,600 Dr. 980 Dr. 4,400 Dr. 36,800 Dr. 7,520 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.