Prepare the worksheet, adjusting and closing entries for Teleki Consulting given the following:

= Kristian Teleki operates a consulting service for businesses wanting to open... 111 100% + + BATAM Unit 1 Activity 8 Assignment #1 - Teleki Consulting 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 Fumiture 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 960 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 Kristian Teleki operates a consulting service for businesses wanting to open... 111 - 100% + 15,000 85,000 8,000 26,700 10,000 20,000 Land Building Accumulated Amortization-Building Office Furniture Accumulated Amortization - Office Furniture Equipment Accumulated Amortization Equipment Line of Credit Accounts Payable Loan Payable Mortgage Payable K. Teleki. Capital K Telekl, Drawings Consulting Fees Business Taxes Utilities Office Expense Copier Rental Expense Salaries 14,200 10,500 9,200 15,700 82.000 17,520 24,000 4,000 75,900 1,800 1,470 6,700 960 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) 7 Uncollectible accounts are estimated at 5% of accounts receivable. REQUIRED: Prepare the worksheet. Record the adjusting entries and closing entries in the General Journal. H N 3 R S T W X A AC Twiak Consulting Worksheet for the year anded April 30, 2015 Adjustment Adjustad Trial Palace Debit Credit Debit Credit Account Title . Income Barn Debit Credit Trial Balch Debit Credit 22.7211 13.200 Balance Shed Debat Credit 5 150 720 a har a Accounts Recetrade 10 Norge for Doublu 11 Pred TH 12 Prepaid Copier Rental 12 ur 14 Land 16 Bulang 15 Ace Aner Building 17 omice F.miture 1 Ace Arrent them 19 Equipmen. 20 Ace Amon Equipment 21 Line of Credit 22 counts Payabc a con Pwyl 2 Worts Payable G K Tel. Capila * K THHII, DWIG 2 Consulting Fees 2 BRANHA 2 Uuties Expe&o 20 Cmce Expense 1 Cup Portal Espese Salaries 15.000 85.000 B003 26.700 OCD 20.000 4 200 *0.502 0503 9.200 5200 8200D *7.520 24,200 75.000 1 1.470 6.700 DED 16.440 MSI MS90 20 0 11 11 0 11 11 0 0 0 0 11 20 50 Worksheet + Ready Count: 3 75% M N O Q U W C General Journal Particulars Page Debit Credit Sheet1 Sheet2 Sheet3 Ready + 100%