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Question (1) The ledger of account is provided to you for certain company or year end. You have to work out to make a trail balance, financial statement, statement of capital and necessary closing entries. After performing closing entries, prepare ledger again (Hint: update the previous one). Ledger of Accounts Big Bill's Consulting Service Accrued Salaries Payable Cash Phone Expense 25 950 100 Accounts Receivable 1.100 Accrued Taxes Payable 100 Salary Expense 1200 Supplies B. Bill, Capital 1,900 Depreciation Expense SO 500 Furniture B. Bill, Withdrawal 100 Property Tax Expense 100 250 Accumulated Depreciation 50 Consulting Revenue 2200 Supplies Expense 200 Accounts Payable 225 Rent Expense 100