The partial work sheet for Emil Consulting for June is as follows: Cash ACCOUNT NAME INCOME STATEMENT BALANCE SHEET DEBIT CREDIT DEBIT CREDIT 1,000.00 104.00 Supplies Prepaid Insurance Equipment Accumulated Depreciation, Equipment Accounts Payable W. Emil Capital W. En, Drawing Consulting Fees 1,344.00 6,751.00 4.212.00 1,354.00 5,367,00 1,700.00 9.546.00 Rent Expense 1.800.00 Wages Expense 1,533.00 Miscellaneous Expense 188.00 Supplies Expen 365.00 Insurance Expense 364.00 Depreciation Expense, Equipment 700.00 Net Income 348.00 4,930.00 9,546.00 15,099.00 11,283.00 4,610.00 4.636.00 9.546.00 9.545.00 15,999.00 15.999.00 1. Select from the dropdowns in the first set of T accounts to indicate whether a debit increases or decreases that type of account and whether a credit increases or decreases that type of account. 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 + Miscellaneous Expense Assets Liabilities A Dr. Capital 1 Revenue De P Drawing D 4 Expenses R CL Dr. Assets Dr. Capital Dr. Revenue Cr. Dr. 8 Cr Dr. 4 Cr. 8 A Liabilities T 8 N Drawing Cr Expenses Dr. 4 R Cr. W. Emil, Capital Income Summary (4) 1,700 Bal. 5,367 (2) 4,930 (1) 9,546 (3) 4,616 (3) 4,616 Bal 0 Bal 8,283 Bal W. Emil, Drawing Consulting Fees 1,700 (4) 1,700 (1) 9,546 Bal. 9,546 Rent Expense Wages Expense Bal. 1,800 (2) 1,800 Bal 1,533 (2) 1,533 Supplies Expense Bal 365 (2) Depreciation Expense, Insurance Expense 365 Bal. 364 (2) 364 Equipment Miscellaneous Expense Bal 700 (2) 700 168 (2) 168 3. Journalize the closing entries using the four steps in box does not require an entry, leave it blank. 4. Post the closing entries to the T accounts (provided i Bal 1,700 (4) 1,700 (3) 9,546 Bal 9,546 Rent Expense Wages Expense Bal 1,800 (2) 1,800 Bal 1,533 (2) 1,533 Supplies Expense Insurance Expense Bal 365 (2) 365 Bai 364 (2) 364 Depreciation Expense, Equipment Miscellaneous Expense Bal 700 (2) 700 Bal 168 3. Journalize the closing entries using the four steps in correct order. If an amount box does not require an entry, leave it blank. 4. Post the closing entries to the T accounts (provided in requirement 2) right after you journalize each one to see the effect of the closing entries. GENERAL JOURNAL PAGE POST. REF DEBIT CREDIT DATE DESCRIPTION 20- Closing Entries (1) June 30 (2) June 30 (3) June 30 (4) June 30