Question: What am I missing? Answer is incomplete. Exercise 6.6 (Algo) Closing entries. LO 6-1 The ledger accounts of AXX Internet Company appear as follows on

What am I missing? Answer is incomplete.

What am I missing? Answer is incomplete. Exercise 6.6 (Algo) Closing entries.LO 6-1 The ledger accounts of AXX Internet Company appear as follows

Exercise 6.6 (Algo) Closing entries. LO 6-1 The ledger accounts of AXX Internet Company appear as follows on March 31, 20X1: HOBO 22. COS 102 Cash 111 Aest resivable 121 Supplies 131 Prepaid in 142 Igeant 142 Resaltes depreciation gesonant 202 Asssants payable 301 As the Hinke, Capital 302 Aseths Hinke, Deng 401 Tesz Sinema 510 Depreciation experiment 911 In an apenas 914 Rent acpenze 317 Salaries expense 915 Supplies expense 319 Ielephane pense 323 Utilities expense SALE $ 70,000 19.40 24,500 120,000 41,120 12,500 125,000 12,500 365,560 20,960 12,200 32,500 164, DDD 3,450 6,699 9,200 All accounts have normal balances. Required: 1. Prepare the closing entries 2 Post the transactions into the appropriate ledger accounts. Hint Be sure to enter beginning balances. Answer is not complete. Complete this question by entering your answers in the tabs below. General Ledger Prepare the closing entries. General Journal Credit No 1 Date Mar 31, 20X1 368 850 Fees Income Income summery 368.860 Mar 31, 20X1 250 160 Income summary Depreciation expers Equipment Insurance expense Rent expense Salaries expense Supplies expense Telephone expense Us expense DOOOOOO SO DO 20.900 11.200 32,800 164.000 5.400 6.500 9.200 3 Mar 31, 20X1 118,700 Income Summary Aretha Hinkle, Capital 118,700 4 Mar 31, 20x1 12.800 Arethe Hinile. Capital Aretha Hinkle Drawing 12.800 Exercise 6.6 (Algo) Closing entries. LO 6-1 The ledger accounts of AXX Internet Company appear as follows on March 31, 20X1: HOBO 22. COS 102 Cash 111 Aest resivable 121 Supplies 131 Prepaid in 142 Igeant 142 Resaltes depreciation gesonant 202 Asssants payable 301 As the Hinke, Capital 302 Aseths Hinke, Deng 401 Tesz Sinema 510 Depreciation experiment 911 In an apenas 914 Rent acpenze 317 Salaries expense 915 Supplies expense 319 Ielephane pense 323 Utilities expense SALE $ 70,000 19.40 24,500 120,000 41,120 12,500 125,000 12,500 365,560 20,960 12,200 32,500 164, DDD 3,450 6,699 9,200 All accounts have normal balances. Required: 1. Prepare the closing entries. 2. Post the transactions into the appropriate ledger accounts. Hint Be sure to enter beginning balances. General Journal Ledgers Post the transactions into the appropriate ledger accounts. Hint: Be sure to enter beginning balances. Aretha Hinkle, Capital Account No. 301 Aretha Hinke, Drawing Date Debit Credit Balance Date Debat Mer 31, 20X1 128.000 Mar 31 20X1 Mar 31, 20X1 118,700 246,700 Mar 31. 20x1 Mar 31, 20X1 12.300 233.900 Account No. 302 Credit Balance 12 800 12 800 0 Income Summary Date Debit Mar 31, 20X1 Account No. 389 Credit Balance 368.860 358,850 Fees Income Date Debe Mar 31 20X1 Mar 31, OX1 368.360 Account No. 401 Credit Balance 368.860 250, 160 118.700 0 Mar 31, 20X1 Mar 31, 20X1 Depreciation Expense -Equipment Date Debit Mar 31, 20X1 Mar 31, 20x1 Account No. 610 Credit Balance 20.960 Date Insurance Expense Debat Mer 31 20X1 Mer 31 OX1 Account No. 611 Credit Balance 11.200 20.960 0 11.200 0 Rent Expense Date Debel Mar 31, 20X1 Account No. 614 Credit Balance 32.800 34 800 0 Salaries Expense Date Debat Mar 31 20x1 Mar 31 20X1 Account No. 617 Credit Balance 164.000 Mar 31, 20X1 154.000 0 Supplies Expense Date Debe Account No. 618 Credit 5.400 Balance Telephone Expense Date Debe Mar 31 20X1 Mar 31, 20x1 Account No. 619 Credit Balando 6.500 Mar 31, 20X1 Mar 31, 20X1 5.400 6.500 Blanco U des Expense Date Debat Mar 31, 20X1 Mar 31, 20X1 Account No. 623 Credit 9.200 0

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