Question

e camous: Login ercise Soved The adjusted ledger accounts of RD Consulting on December 31. 2019, appear as follows. Account Name Balance 7,600 2,200 2, 050 760 20,000 4,250 3, 400 16 300 4,100 19,300 810 660 610 3, 400 1,060 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Roger Dye, Capital Roger Dye, Drawing Fees Income Supplies Expense Insurance Expense Depreclation Expense-Equipment salaries Expense Utilities xpense Prepare the Balance Sheet and Income Statement columns of the worksheet. Prepare the closi December 31, 2019. All accounts have normal balances and adjusting entries have been made. Complete this question by entering your answers in the tabs below. General Journal Inc Stmt and Bal St Prepare the Balance Sheet and Income Statement columns of the worksheet. Balance Sheet Income Statement Debit Credit Debit Credit Account Name Cash Accounts receivable Supplies Next 6 of 10

Answer 1

		Income Statement		Balance Sheet
	Account Name	Debit	Credit	Debit	Credit
	Cash			7600
	Accounts Receivable			2200
	Supplies			2050
	Prepaid Insurance			760
	Equipment			20000
	Accumulated Depreciation–Equipment				4250
	Accounts Payable				3400
	Roger Dye, Capital				16300
	Roger Dye, Drawing			4100
	Fees Income		19300
	Supplies Expense	810
	Insurance Expense	660
	Depreciation Expense–Equipment	610
	Salaries Expense	3400
	Utilities Expense	1060
	Totals	6540	19300	36710	23950
	Net Income				12760
				36710	36710
Date	Account title and explanation	Debit	Credit
	Fees Income	19300
	Income Summary		19300
	(To record fees Income)
	Income Sumary	6540
	Supplies Expense		810
	Insurance Expense		660
	Depreciation Expense–Equipment		610
	Salaries Expense		3400
	Utilities Expense		1060
	Income summary	12760
	Roger Dye, Capital		12760
	Roger Dye, Capital	4100
	Roger Dye, Drawing		4100