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The adjusted ledger accounts of RD Consulting on December 31, 20X1, appear as follows. Account Name Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation
The adjusted ledger accounts of RD Consulting on December 31, 20X1, appear as follows. Account Name Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation Equipment Accounts payable Roger Dye, Capital Roger Dye, Drawing Fees income Supplies expense Insurance expense Depreciation expense-Equipment Salaries expense Utilities expense Balance 7,eee 1,9ee 1,750 700 17,00 3,350 3,1ee 15,100 3,500 16,300 750 600 550 3,100 1, eee Prepare the Balance Sheet and Income Statement columns of the worksheet. Prepare the closing entries for RD Consulting on December 31, 20X1. All accounts have normal balances and adjusting entries have been made. Complete this question by entering your answers in the tabs below. Inc Stmt and General Bal St Journal Prepare the Balance Sheet and Income Statement columns of the worksheet. Income Statement Debit Credit Balance Sheet Debit Credit Account Name Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Accounts payable Roger Dye, Capital Roger Dye. Drawing Fees income Supplies expense Insurance expense Depreciation expense-Equipment Salaries expense Utilities expense Totals 0 0 0 Net income 0 0
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