Kristian Teleki operates a consulting service for businesses wanting to open stores in new locations. The business's general ledger had the following balances for the fiscal year ended April 30, 2015. Debit Credit Bank 22,720 Accounts Receivable 13,200 Allowance for Doubtful Acc. 510 Prepaid Insurance 5,150 Prepaid Copier Rental 720 Supplies 3,670 Land 15,000 Building 85,000 Accumulated Amortization-Building 8,000 Office Furniture 26,700 Accumulated Amortization - Office Furniture 10,000 Equipment 20,000 Accumulated Amortization - Equipment 14,200 Line of Credit 10,500 Accounts Payable 9,200 Loan Payable 15,700 Mortgage Payable 82,000 K. Teleki, Capital 17,520 K. Teleki, Drawings 24,000 Consulting Fees 75,900 Business Taxes 1,800 Utilities 1,470 Office Expense 6,700 Copier Rental Expense Salaries 16,440 243,530 243,530 Additional information: 1) Prepaid insurance is a one year policy purchased on November 1, 2014. 2) Supplies were counted April 30. The cost value of the inventory was $360. 3) The building was purchased May 1, 2010. Its estimated useful life is 40 years and salvage value is $5000. Teleki uses straight-line amortization for the building. 4) The office furniture was purchased May 1, 2010. Its estimated useful life is 10 years and salvage value is $1700. Teleki uses straight-line amortization for the furniture. 5) The equipment is being amortized using declining balance method and a 30% rate. 6) The copier is rented from a company which requires six months rent in advance. The $700 rent was paid on March 1. 7) Uncollectible accounts are estimated at 5% of accounts receivable. 960 REQUIRED: Prepare the worksheet. Record the adjusting entries and closing entries in the General Journal