The partial work sheet for Emil Consulting for June is as follows: INCOME STATEMENT BALANCE SHEET DEBIT CREDIT DEBIT CREDIT Cash Supplies ACCOUNT NAME Prepaid Insurance Equipment Accumulated Depreciation, Equipment Accounts Payable 6,000.00 104.00 1,344.00 6,751.00 4,212.00 1,356.00 W. Emil, Capital 5,367.00 W. Emil, Drawing Consulting Fees Rent Expense 1,700.00 9,546.00 1,800.00 Wages Expense 1,533.00 Miscellaneous Expense 168.00 Supplies Expense 365.00 Insurance Expense 364.00 Depreciation Expense, Equipment 700.00 Wages Payable 348.00 4,930.00 9,546.00 15,899.00 11,283.00 h. 5 Graded Homework Depreciation Expense, Equipment Wages Payable 700.00 Net Income 348.00 4,930.00 9,546.00 15,899.00 11,283.00 4,616.00 4,616.00 9,546.00 9,546.00 15,899.00 15,899.00 1. Select from the dropdowns in the first set of T accounts to indicate whether a debit increases or decreases that type of ac 2. Record the account balances in the T accounts for owner's equity, revenue, and expenses. Assets Liabilities + Owner's Equity Owner's Equity Capital Drawing+ Revenue Expenses Capital W. Emil, Capital + Income Summary Drawing W. Emil, Drawing Revenue Consulting Fees. Expenses Rent Expense + Wages Expense + Supplies Expense + Insurance Expense + Depreciation Expense, Equipment - Assets Dr. Cr. Capital Dr. Liabilities Dr. Cr. Drawing Dra Cr. Ch. 5 Graded Homework Assets (4) Bal. Dr. Cr. eBook Dr. Liabilities Cr. Capital Drawing Dr. Cr. Dr. Cr. Dr. Revenue Expenses Cr. Dr. Cr. W. Emil, Capital Bal. Income Summary (2) (I) (3) (3) Bal. Bal. W. Emil, Drawing (4) Consulting Fees (1) Bal. Check My Work 1 more Check My Work uses remaining, Bal. W. Emil, Drawing (4) (1) Rent Expense Bal. (2) Bal. Bal. Bal. Supplies Expense (2) Depreciation Expense, Equipment (2) Consulting Fees Bal. Wages Expense (2) Insurance Expense Bal. (2) Miscellaneous Expense Bal. (2) 3. Journalize the closing entries using the four steps in correct order. If an amount box does not requ 4. Post the closing entries to the T accounts (provided in requirement 2) right after you journalize ea Ch. 5 Graded Homework DATE eBook DESCRIPTION POST. REF. DEBIT CREDIT 20- Closing Entries (1) June 30 (2) June 30 (3) June 30 (4) June 301