create income statement, balance sheet and closing entries.

Account Title Income Statement Debit Credit Bank Accounts Receivable Allowance for Doubtful Acc. Prepaid Insurance Prepaid Rent Supplies Land Building Acc Amort Bulding Furniture Acc. Amort Furniture Equipment Acc. Amort Equipment HST Payable Accounts Payable Loan Payable Mortgage Payable K Telekl, Capital K Teleki, Drawings Consulting Fees Advertising Expenso Utilities Expense Office Expenso General Expense Salaries Expense Total Supplies Exponse Insurance Expense Amortization expense - Building Amortization expense - Furniture Amortization expense - Equipment Trial Balance Debit Credit 22,720 13,200 510 5,150 720 3,670 15,000 85.000 8,000 26,700 10,000 20.000 14,200 10,500 9,200 15,700 82.000 17,520 24,000 75,900 1,800 1,470 6,700 960 16,440 243.530 243,530 Ace Consulting Worksheet for the year ended April 30, 2021 Adjustments Adjusted Trial Balance Debit Credit Debit Credit 22,720 13,200 510 3,050 2,100 720 2,000 1,670 15,000 85,000 2,000 10,000 26,700 1,400 11,400 20,000 1,800 16,000 10,500 9,200 15,700 82,000 17,520 24,000 75,900 1,800 1.470 6,700 960 16.440 Balance Sheet Debit Credit 22,720 13,200 510 2,100 720 1,670 15,000 85,000 10,000 26,700 11,400 20,000 16,000 10,500 9,200 15,700 82,000 17,520 24,000 75,900 1,800 1.470 6,700 960 16,440 2,000 3,050 2,000 1,400 1,800 2,000 3,050 2,000 1,400 1,800 2.000 3,050 2,000 1,400 1,800 Total Net Income 10,250 10.250 248,730 248,730 75,900 211,110 37.620 38.280 75,900 172,830 38,280 211,110 75,900 211,110 Ace Consulting Income Statement For the year ended April 30, 2021 Revenue Expenses 7 8 9 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 A B D E Ace Consulting Balance Sheet For the year ended April 30, 2021 Assets Current Assets 1 2 3 .4 15 Fixed Assets 16 17 18 19 20 21 22 23 24 Total Assets 25 26 Liabilities 27 Current Liabilities 29 30 31 Long-Term Liabilities 33 34 35 36 37 Total abilities 38 39 Owner's Equity 41 42 45 Total abilities and Owners Equity 46 47 43 General Journal Particulars Date Apr Page Credit Debit 30 5 7 8 9 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43