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Kely Pitney began her consulting business, Kelly Consulting, on April 1, 2019. The accounting cycle for Kelly Consulting for April, induding financial statements, was illustrated in this chapter During May, Kelly Consulting entered into transactions in Part 1 of this problem, the accounting cycle was compiled up through De preparation of the adjusted trial balance Required: 8. If you completed the end-of-period work sheet in Part 1, use the adjusted trial balance figures to prepare an income statement, a statement of owner's equity, and a balance sheet. If you didn't complete the end-of-period work sheet in Part 1, use the ledere Excel spreadsheed to prepare an income statement, a statement of owner's equity, and a balance sheet Be sure to read the instructions above each statement carefully 9 A Prepare the closing entnes on Page 8 of the journal. Refer to the Chart of Accounts for exact wording of account des B. Use the spreadsheet to post the closing entries to the ledger of four-column accounts. Add to coronate posting relevance to the journali CengageNow 10. Prepare a post-closing the balance Statement of Owner's Equity Kelly Consulting Score: 24/50 Statement of Owner's Equity (Label) $42,300.00 1 Kelly Pitney, capital, May 1, 2019 2. Net income $33,425.00 10,500.00 3 Withdrawals 22.925.00 * Increase in owner's equity $65,225.00 5 Kelly Pitney, capital May 31, 2019 9. A. Prepare the closing entries on Page 8 of the journal: Refer to the Chart of Accounts for exact wording of account titles. 9. B. Add the appropriate posting reference to the closing entries in the journal in CengageNow Question not attempted. PAGE JOURNAL Score: 0/133 DEBIT POST. REF CREDIT DATE DESCRIPTION Closing Entries 3 30 11