R. Tryon Consulting Adjusted Trial Balance December 31,20XX Cash $14,000 Supplies 800 Equipment 11,000 Accum. Depr. Equipment $3,300 Accounts Payable 500 Salaries Payable 500 R. Tryon, Capital 6,500 R. Tryon, Withdrawals 1,500 Fees Earned 30,000 Salary Expense 8,000 Rent Expense 4,000 Supplies Expense 200 Depreciation Expense 1,300 Totals $40,800 $40,800 Required: 1-Prepare the Income Statement, Statement of Owners Equity and Balance Sheet. 2- Prepare the closing entries 3- Prepare the post-closing trial balance. 2 pts. for each entry. R. Tryon Consulting Closing Entries: R. Tryon Consulting Income Statement Balance Sheet For the Year ended December 31, 20XX Dec.31 Fees Earned December 31, 20XX Income Summary Fees Earned To close revenues to income summary Cash Salary expense Supplies Rent Expense Income Summary Equipment Supplies Expense Salary Expense Accum. Depr. Equipment Depreciation Expanes Rent Expense Accounts Payable Net Income Supplies Expense Salaries Payable Depreciation Expense R. Tryon, Capital To close expenses to income summary Totals R. Tryon Consulting Statement of Owner's Equity R. Tryon Capital For the Year ended December 31, 20XX Income Summary To close Income summary to capital R. Tryon, Capital, Jan. 1, 20XX Plus: Net Income R. Tryon, Withdrawals R. Tryon, Capital Deduct: R. Tryon, Withdrawals To close withdrawals to capital R. Tryon Capital, Dec. 31, 20XX R. Tryon Consulting Balance Sheet December 31, 20XX Assets Cash Supplies Equipment Less:Accumulated Depreciation Total Assets Liabilities Accounts Payable Salaries Payable Total Liabilities Equity R. Tryon, Capital Total Liabilities & Owners Equity