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Prepare the Balance Sheet and Income Statement columns

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

Account Name

Balance

Cash

7,700

Accounts Receivable

2,250

Supplies

2,100

Prepaid Insurance

770

Equipment

20,500

Accumulated Depreciation-Equipment

4,400

Accounts Payable

3,450

Roger Dye, Capital

16,500

Roger Dye, Drawing

4,200

Fees Income

19,800

Supplies Expense

820

Insurance Expense

670

Depreciation Expense-Equipment

620

Salaries Expense

3,450

Utilities Expense

1,070

Required - 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.

Reference no: EM132465283

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