Reference no: EM132462733

The adjusted ledger accounts of RD Consulting on December 31, 2019, appear as follows.

Account Name                                                          Balance

Cash                                                                 7,900

Accounts Receivable                                            2,350

Supplies                                                            2,200

Prepaid Insurance                                                  790

Equipment                                                        21,500

Accumulated Depreciation-Equipment                      4,700

Accounts Payable                                                 3,550

Roger Dye, Capital                                                16,900

Roger Dye, Drawing                                                4,400

Fees Income                                                        20,800

Supplies Expense                                                       840

Insurance Expense                                                     690

Depreciation Expense-Equipment                                   640

Salaries Expense                                                       3,550

Utilities Expense                                                        1,090

Question 1: Prepare the Balance Sheet and Income Statement columns of the worksheet. Prepare the closing entries for RD Consulting on December 31, 2019. All accounts have normal balances and adjusting entries have been made.