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The adjusted ledger accounts of Walken Architecture on December 31, 20x1, appear as follows. Account Name Cash Accounts receivable Supplies Prepaid insurance Building Accumulated depreciation-Building

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The adjusted ledger accounts of Walken Architecture on December 31, 20x1, appear as follows. Account Name Cash Accounts receivable Supplies Prepaid insurance Building Accumulated depreciation-Building Accounts payable L. Walken, Capital L. Walken, Drawing Fees income Advertising expense Insurance expense Depreciation expense-Building Wages expense Utilities expense Balance 14,40e 4, eee 3,700 1,800 28,800 4,9ee 5,800 38,200 9,800 27, 4ee 1,900 1,6ee 1,500 6,400 2,400 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. 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 Balance Sheet Account Name Debit Credit Debit Credit Cash Accounts receivable Supplies Prepaid insurance Building Accumulated depreciation-Building Accounts payable L. Walken, Capital L. Walken, Drawing Fees income Advertising expense Insurance expense Depreciation expense-Building Wages expense Utilities expense Totals Net income (Inc Stunt and Bal St General Journal >

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