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The adjusted ledger accounts of Walken Architecture on December 31, 20X1, appear as follows. Account Name Balance Cash 13,600 Accounts receivable 3,600 Supplies 3,300 Prepaid

The adjusted ledger accounts of Walken Architecture on December 31, 20X1, appear as follows.

Account Name Balance
Cash 13,600
Accounts receivable 3,600
Supplies 3,300
Prepaid insurance 1,600
Building 27,200
Accumulated depreciationBuilding 4,500
Accounts payable 5,600
L. Walken, Capital 34,200
L. Walken, Drawing 8,200
Fees income 25,800
Advertising expense 1,700
Insurance expense 1,400
Depreciation expenseBuilding 1,300
Wages expense 6,000
Utilities expense 2,200

Prepare the Balance Sheet and Income Statement columns of the worksheet. Prepare the closing entries for Walken Architecture on December 31, 20X1. All accounts have normal balances and adjusting entries have been made.

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