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Use the following Information below for Tom Jones Consultaney to answer ques 19. Credit Debit 10,500 150,000 5,000 25.000 300,000 Cash Accounts receivable Prepaid rent
Use the following Information below for Tom Jones Consultaney to answer ques 19. Credit Debit 10,500 150,000 5,000 25.000 300,000 Cash Accounts receivable Prepaid rent Supplies Equipment Accumulated depreciation equipment Accounts payable Notes payable due in three months Salaries payable Interest payable Tom Jones's Capital Tom Jones's Withdrawal Consulting revenue Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 125,000 30,000 30,000 4.000 1,000 200,000 25,000 295,000 120,000 15,000 30,000 2.000 2.500 S685.000 S685.000 Question 17: Prepare Tom Jones Income Statement for December 31, 2018. (10 Points) Question 18: Prepare the Statement of Owner's Capital. (10 Points) Question 19: Prepare the Closing Entries. (12 Points) Extra Credit: Prepare the Balance Sheet for Tom Jones Consultancy
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