acc 290 week 5 apply: connect assignment complete the week 5 assignment in connect. note: you have only 1 attempt available to complete assignments 1 on december 31, after adjustments, gonzalez company’s ledger contains the following account balances: 101 cash $ 30,200 dr. 111 accounts receivable 16,100 dr. 121 supplies 2,300 dr. 131 prepaid rent 38,900 dr. 141 equipment 47,000 dr. 142 accumulated depreciation—equip. 1,150 cr. 202 accounts payable 6,800 cr. 301 emilio gonzalez, capital (12/1/2019) 48,620 cr. 302 emilio gonzalez, drawing 6,500 dr. 401 fees income 120,080 cr. 511 advertising expense 4,100 dr. 514 depreciation expense—equip. 830 dr. 517 rent expense 2,900 dr. 519 salaries expense 21,800 dr. 523 utilities expense 6,020 dr. required: journalize the closing entries in the general journal. 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? 2 a partially completed worksheet for at home pet grooming service, a firm that grooms pets at the owner’s home, follows. required: complete the worksheet. record the adjusting entries in the general journal (transactions 1-3). record the closing entries in the general journal (transactions 4-7). post the adjusting entries and the closing entries to the general ledger accounts. hint: be sure to enter beginning balances. prepare a post-closing trial balance. analyze: what total debits were posted to the general ledger to complete all closing entries for the month of december? 3 a completed worksheet for the king group is given below. the king group worksheet month ended december 31, 2019 trial balance adjustments adjusted trial balance income statement balance sheet account name debit credit debit credit debit credit debit credit debit credit cash 91,900 91,900 91,900 accounts receivable 11,500 11,500 11,500 supplies 5,000 ( a) 1,900 3,100 3,100 prepaid advertising 20,000 ( b) 2,500 17,500 17,500 equipment 47,500 47,500 47,500 accumulated depreciation —equipment ( c) 1,900 1,900 1,900 accounts payable 11,500 11,500 11,500 delva king, capital 127,000 127,000 127,000 delva king, drawing 7,900 7,900 7,900 fees income 60,750 60,750 60,750 supplies expense ( a) 1,900 1,900 1,900 advertising expense ( b) 2,500 2,500 2,500 depreciation expense—equipment ( c) 1,900 1,900 1,900 salaries expense 13,900 13,900 13,900 utilities expense 1,550 1,550 1,550 totals 199,250 199,250 6,300 6,300 201,150 201,150 21,750 60,750 179,400 140,400 net income 39,000 39,000 60,750 60,750 179,400 179,400 required: record the adjusting entries in the general journal (transactions 1-3). record the closing entries in the general journal (transactions 4-7). post the adjusting entries and the closing entries to the general ledger accounts. hint: be sure to enter beginning balances. prepare a post-closing trial balance. analyze: how many accounts are listed in the adjusted and post-closing trial balance section?