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 Canh 111 Accounts receivable 121 Supplies 131 Prepaid Hent 141 Equipment 142 Accumulated depreciation-iquip 202 hecounts payable 301 Emilio Gonzales, Capital (12/1/20X1) 302 Emilio Gonzalet, Drawing 401 Tees income 511 Advertising expense 514 Depreciation expense quip. 517 Rent expense 519 salaries expense 52) Utilities expense $ 46,200 Dr. 17.900 DE 3,900 DE 40,500 DE 63,000 DE 1.950 CE 0.400 CE 64,620 cr. 0.100 DE 161.040 Cr. 5,700 DE 990 r. 4.500 DE 37,800 DE 7.620 DE 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 Salaries Expense account ofter closing entries are posted? Complete this question by entering vour answers in the tabs below. Required 1 Required 2 Analyze Journalize the closing entries in the general journal. View transaction list Journal entry worksheet 517 Rent expense 519 Salaries expense 523 Utilities expense 4,500 Dr. 37,800 Dr. 7,620 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 Salaries Expense account after closing entries are posted? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Analyze What is the balance of the Salaries Expense account after closing entries are posted? Salaries expense