I need the following questions answered. Please

What is the balance in the Fees income account on January 31, before closing?

Unadjusted Trial Balance: What are the total debits on this report?

Adjusted Trial Balance: What are the total debits?

How much was Eli's net income or net loss?

Post-closing Trial Balance: What are the total credits?

TRANSACTIONS

Jan. 2 Purchased supplies for $7,000; issued Check 1015.

2 Purchased a one-year insurance policy for $8,400; issued Check 1016.

7 Sold services for $20,000 in cash and $5,000 on credit during the first week of January.

12 Collected a total of $4,000 on account from credit customers during the first week of January.

12 Issued Check 1017 for $3,600 to pay for special promotional advertising to new businesses on the local radio station during the month.

13 Collected a total of $4,500 on account from credit customers during the second week of January.

14 Returned supplies that were damaged for a cash refund of $750.

15 Sold services for $20,700 in cash and $2,300 on credit during the second week of January.

20 Purchased supplies for $5,000 from Whites, Inc.; received Invoice 2384 payable in 30 days.

20 Sold services for $12,500 in cash and $3,500 on credit during the third week of January.

20 Collected a total of $5,600 on account from credit customers during the third week of January.

21 Issued Check 1018 for $7,065 to pay for maintenance work on the office equipment.

22 Issued Check 1019 for $3,600 to pay for special promotional advertising to new businesses in the local newspaper.

23 Received the monthly telephone bill for $1,025 and paid it with Check 1020.

26 Collected a total of $1,600 on account from credit customers during the fourth week of January.

27 Issued Check 1021 for $3,000 to Office Plus as payment on account for Invoice 2223.

28 Sent Check 1022 for $2,675 in payment of the monthly bill for utilities.

29 Sold services for $19,000 in cash and $2,750 on credit during the fourth week of January.

31 Issued Checks 10231027 for $32,800 to pay the monthly salaries of the regular employees and three part-time workers.

31 Issued Check 1028 for $12,000 for personal use.

31 Issued Check 1029 for $4,150 to pay for maintenance services for the month.

31 Purchased additional equipment for $15,000 from Contemporary Equipment Company; issued Check 1030 for $10,000 and bought the rest on credit. The equipment has a five-year life and no salvage value.

31 Sold services for $7,600 in cash and $1,620 on credit on January 31.

Eli's Consulting Services Postclosing Trial Balance December 31, 2019 CREDIT ACCOUNT NAME Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Payable Trayton Eli, Capital Totals DEBIT 111 35 000 500 000 100 000 400 000 11 0 0 0 00 183 00 35 00 00 128 6 6 7 00 132 35 000 132 3 5 000 Eli's Consulting Services Balance Sheet December 31, 2019 Assets Cash Accounts Receivable Supplies Prepaid Rent Equipment Less Accumulated Depreciation Total Assets 111 35 000 500 000 100 000 400 000 11 0 0 0 00 1 8 3 00 10 8 1 7 00 132 1 6 7 00 350 000 Liabilities and Owner's Equity Liabilities Accounts Payable Owner's Equity Trayton Eli, Capital Total Liabilities and Owner's Equity 128 6 6 7 00 132 1 6 7 00 Eli's Consulting Services Postclosing Trial Balance December 31, 2019 DEBIT CREDIT ACCOUNT NAME Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Payable Trayton Eli, Capital Totals 111 35 000 500 000 1 0 0 0 00 400 000 11 0 0 0 00 1 8 3 00 350 000 128 6 6 7 00 132 35 000 132 3 5 0 00 Date Account Titles Debit Credit S Jan 2 Supplies 7,000 Cash 7,000 Jan 2 Prepaid Insurance 8,400 Cash 8,400 Jan 7 Cash 20,000 Accounts Receivable 5,000 Fees Income 25,000 Jan 12 Cash 4,000 Accounts Receivable 4,000 Jan 12 Advertising Expense 3,600 Cash 3,600 Jan 13 Cash 4,500 Accounts Receivable 4,500 Jan 14 Cash Supplies 750 Jan 15 Cash 20,700 2,300 Accounts Receivable Fees Income 23,000 Jan 20 Supplies 5,000 Accounts Payable 5,000 Jan 20 Cash 12,500 Accounts Receivable 3,500 16,000 Fees Income Cash Cash Jan 20 5,600 Accounts Receivable 5,600 Jan 21 Maintenance Expense 7,065 Cash 7,065 Jan 22 Advertising Expense 3,600 Cash 3,600 Contd. Jan 23 Telephone Expense 1,025 Cash 1,025 Jan 26 Cash 1,600 Accounts Receivable 1,600 Jan 27 Accounts Payable 3,000 Cash 3,000 Jan 28 Utilities Expense 2,675 Cash 2,675 Jan 29 Cash 19,000 Accounts Receivable 2,750 Fees Income 21,750 Jan 31 Salaries Expense 32,800 Cash 32,800 Jan 31 Trayton Sam, Drawing 12,000 Cash 12,000 Jan 31 Maintenance Expense 4,150 Cash 4,150 Jan 31 Equipment 15,000 Cash 10,000 Accounts Payable 5,000 Jan 31 Cash 7,600 Accounts Receivable 1,620 Fees Income 8,620 Adjusting Entries: Adjustment Account Titles Debit Credit January 31 $ Supplies Expense 2,050 Supplies 2,050 Insurance Expense 700 Prepaid Insurance 700 Depreciation Expense 183 183 Accumulated Depreciation : Equipment Rent Expense 4,000 Prepaid Rent 4,000 Eli's Consulting Services Postclosing Trial Balance December 31, 2019 CREDIT ACCOUNT NAME Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Payable Trayton Eli, Capital Totals DEBIT 111 35 000 500 000 100 000 400 000 11 0 0 0 00 183 00 35 00 00 128 6 6 7 00 132 35 000 132 3 5 000 Eli's Consulting Services Balance Sheet December 31, 2019 Assets Cash Accounts Receivable Supplies Prepaid Rent Equipment Less Accumulated Depreciation Total Assets 111 35 000 500 000 100 000 400 000 11 0 0 0 00 1 8 3 00 10 8 1 7 00 132 1 6 7 00 350 000 Liabilities and Owner's Equity Liabilities Accounts Payable Owner's Equity Trayton Eli, Capital Total Liabilities and Owner's Equity 128 6 6 7 00 132 1 6 7 00 Eli's Consulting Services Postclosing Trial Balance December 31, 2019 DEBIT CREDIT ACCOUNT NAME Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Payable Trayton Eli, Capital Totals 111 35 000 500 000 1 0 0 0 00 400 000 11 0 0 0 00 1 8 3 00 350 000 128 6 6 7 00 132 35 000 132 3 5 0 00 Date Account Titles Debit Credit S Jan 2 Supplies 7,000 Cash 7,000 Jan 2 Prepaid Insurance 8,400 Cash 8,400 Jan 7 Cash 20,000 Accounts Receivable 5,000 Fees Income 25,000 Jan 12 Cash 4,000 Accounts Receivable 4,000 Jan 12 Advertising Expense 3,600 Cash 3,600 Jan 13 Cash 4,500 Accounts Receivable 4,500 Jan 14 Cash Supplies 750 Jan 15 Cash 20,700 2,300 Accounts Receivable Fees Income 23,000 Jan 20 Supplies 5,000 Accounts Payable 5,000 Jan 20 Cash 12,500 Accounts Receivable 3,500 16,000 Fees Income Cash Cash Jan 20 5,600 Accounts Receivable 5,600 Jan 21 Maintenance Expense 7,065 Cash 7,065 Jan 22 Advertising Expense 3,600 Cash 3,600 Contd. Jan 23 Telephone Expense 1,025 Cash 1,025 Jan 26 Cash 1,600 Accounts Receivable 1,600 Jan 27 Accounts Payable 3,000 Cash 3,000 Jan 28 Utilities Expense 2,675 Cash 2,675 Jan 29 Cash 19,000 Accounts Receivable 2,750 Fees Income 21,750 Jan 31 Salaries Expense 32,800 Cash 32,800 Jan 31 Trayton Sam, Drawing 12,000 Cash 12,000 Jan 31 Maintenance Expense 4,150 Cash 4,150 Jan 31 Equipment 15,000 Cash 10,000 Accounts Payable 5,000 Jan 31 Cash 7,600 Accounts Receivable 1,620 Fees Income 8,620 Adjusting Entries: Adjustment Account Titles Debit Credit January 31 $ Supplies Expense 2,050 Supplies 2,050 Insurance Expense 700 Prepaid Insurance 700 Depreciation Expense 183 183 Accumulated Depreciation : Equipment Rent Expense 4,000 Prepaid Rent 4,000