Exercise 6 Prepare financial statements for Consulting Corp. given the following account balances. List expenses in alphabetical order and assets in order of liquidity. A/P A/R Building Cash 100 150 1,000 Legal Expense 50 Loan Payable 600 Prepaid Insurance 125 Rent Expense 100 Common Stock Consulting Revenue 325 Retained Earnings 1/1/2X 250 600 Unearned Revenue 150 Dividends 150 Wage Expense 50 Equipment 400 Wages Payable 150 Insurance Expense 75 Consulting Corp. Income Statement Year Ending 20ZX Revenue X X Expenses Total Expenses Consulting Corp. Retained Earnings Statement Year Ending 202X Assets Consulting Corp. Balance Sheet 12/31/202X Total Assets X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X A/P A/R Building Cash Exercise 6 Prepare financial statements for Consulting Corp. given the following account balances. List expenses in alphabetical order and assets in order of liquidity. 100 150 1,000 Legal Expense 50 Loan Payable 600 Prepaid Insurance 125 Rent Expense 100 Common Stock 325 Retained Earnings 1/1/2X 250 Consulting Revenue 600 Unearned Revenue 150 Dividends 150 Wage Expense 50 Equipment 400 Wages Payable 150 Insurance Expense 75 AA X X Assets Consulting Corp. Balance Sheet 12/31/202X X X X X X X X X X X Total Assets X Liabilities Total Liabilities Shareholder's Equity X X x X x x x X X X X Total Shareholder's Equity Total Liabilities & Equity X X X X