comlete the steps in the accounting cycle so you can prepare the financial statements

JayZee Consulting provides accounting services to clients. The end-of-period spreadsheet was prepared for the year ended April 30, 2021. As the accountant, you will need to complete the steps in the Accounting Cycle so you can prepare the Financial Statements. (See instructions below.) CR. Account Title Cash Accounts Receivable Supplies Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Fees Earned Salary Expense Supplies Expense Depreciation Expense Miscellaneous Expense JayZee Consulting End-of-Period Spreadsheet For the Year Ended April 30, 2021 Unadjusted Trial Balance Adjustments Adjusted Trial Balance DR. DR. CR. DR. CR. 45,000 45,000 119,200 119,200 11,900 7,500 4,4 400,000 400,000 56,000 6,000 62,000 20,500 20,500 9,000 9,000 75,000 75,000 180,700 180,700 25,000 25,000 800,000 800,000 520,000 9,000 529,000 7,500 7,500 6,000 6,000 11,100 11,100 1,132,200 1,132,200 22,500 22,500 1,147,200 1,147,200 Instructions: 1. Based on spreadsheet, journalize the adjusting journal entries in the journal. Use the Chart of Accounts to record the Posting Ref. Explain the transaction. 2. Prepare an Income Statement based on the balances in the "Adjusted Trial Balance" column. 3. Journalize the four closing journal entries, based on instructions in CH 4 of the textbook. Use the Chart of 4. Prepare a Statement of Retained Earnings based on the balances in the "Adjusted Trial Balance" column. 5. Prepare a Balance Sheet based on the balances provided in the "Adjusted Trial Balance" column; consider the results of the Income Statement and the Statement of Retained Earnings. Company Name: JayZee Consulting Chart of Accounts For the Year Ended April 30, 2021 Component of Chart of Account Name Accounts Account No. 11 12 14 15 Cash Accounts Receivable Supplies Prepaid Insurance Land Office Equipment Accounts Payable Salaries Payable Unearned Rent Common Stock Dividends Fees Earned Salary Expense Supplies Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Income Summary 1 1 1 1 1 1 2 2 2. 3 3 4 5 5 5 5 5 5 17 18 21 22 23 31 33 41 51 52 53 54 55 59 | | | |||| 1. Record Adjusting lournal Entries here, JOURNAL Date Account Name / Explanations Posting re Debit Credit 2.Income Strnt Income Statement $ Journalize Closing Entries JOURNAL Account Name / Explanations Date Posting ref. Debit Credit 4. Retained Earnings Retained Earnings Statement $ 5.Balance Sheet Balance Sheet