1.) Prepare the Income statement, Statement of owner’s equity, and the balance sheet.

2.) Prepare the Closing journal entries and Post-closing trial balance

  

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Tyler's Consulting Services Adjusted Trial Balance Month Ended Dec 31, 20XX ACCOUNT NAME Total 100 Cash 110 Accounts Receivable-Franklin 115 Accounts 120 Supplies Receivable-Washington 130 *Prepaid Insurance 140 *Equipment 141 Accumulated Depreciation - Equipment 200 Accounts Payable-Gusto Inc. 210 Wages Payable 220 *Unearned Revenue 300 Leah Tyler, Capital 302 Leah Tyler, Drawing 400 Revenue earned 500 Wages Expense 501 Utilities Expense 502 Supplies Expense 503 Rent Expense 504 Depreciation Expense 505 Insurance Expense DEBIT CREDIT 19,160 11,140 2,100 300 1,200 5,000 52,350 36,700 10,200 2,200 26,400 1,000 1,200 3,000 1,750 1,500 43,200 119,500 168,950 168,950 Tyler's Consulting Services Adjusted Trial Balance Month Ended Dec 31, 20XX ACCOUNT NAME Total 100 Cash 110 Accounts Receivable-Franklin 115 Accounts 120 Supplies Receivable-Washington 130 *Prepaid Insurance 140 *Equipment 141 Accumulated Depreciation - Equipment 200 Accounts Payable-Gusto Inc. 210 Wages Payable 220 *Unearned Revenue 300 Leah Tyler, Capital 302 Leah Tyler, Drawing 400 Revenue earned 500 Wages Expense 501 Utilities Expense 502 Supplies Expense 503 Rent Expense 504 Depreciation Expense 505 Insurance Expense DEBIT CREDIT 19,160 11,140 2,100 300 1,200 5,000 52,350 36,700 10,200 2,200 26,400 1,000 1,200 3,000 1,750 1,500 43,200 119,500 168,950 168,950

Answer rating: 100% (QA)

To prepare the income statement statement of owners equity and balance sheet based on the provided adjusted trial balance for Tylers consulting servic... View the full answer