How can i create Profit and Loss Account and Balance Sheet for the above business.

Xx CONSULTING SERVICES

Trial Balance December 20xx

Account NameDebitCredit

Cash4,000

Accounts receivable17,000

Supplies3,000

Equipment40,000

Accounts payable9,000

Loan14,000

Accrued interest received375

J. Smith, Capital39,000

Consulting revenue60,000

Salary expense46,200

Utility expense1,800

Misc. expense1,000

Depreciation expense4,000

Supplies expense5,000

Interest expense375

Totals122,375122,375

Xx CONSULTING SERVICES

Profit and Loss account for the year ended 31^stDecember 2020

$

Income from consulting$

Less expenses;

Salary

Utility expense

Misc. expense

Depreciation expense

Supplies expense

Interest expense

Total expenses_________

Net profit (income less expenses)___________

Balance Sheet as at 31^stDecember 20xx

Fixed assets

Equipmentless depreciation

Current assets

Cash

Accounts receivable

Supplies____

Less Current liabilities

Account payable

Note payable

Interest payable___________

Financed by;

Capital

Profit

____________