1)Prepare the worksheet by first using the Adjusting information below

BATAM Unit 1 Assignment #3 End of Cycle Procedures REQUIRED: 1) Prepare the worksheet by first using the Adjusting information below (8) 2) Prepare an Income Statement and a Balance Sheet (5) and (8) 3) Record the closing entries in the General Journal. (4) Adjustments: Apr 30 $2000 Supplies Expense Supplies $2000 $3050 Insurance Expense Prepaid Insurance $3050 $2000 Amortization Expense - Building Acc. Amort - Building $2000 $1400 Amortization Expense - Furniture Acc. Amort - Furniture $1400 $1800 Amortization Expense - Equipment Acc. Amort - Equipment $1800 A B D E F G H J L 1 2 Ace Consulting Worksheet for the year ended April 30, 2021 Adjustments Debit Credit Adjusted Trial Balance Debit Credit Income Statement Debit Credit Balance Sheet Debit Credit 3 4 5 6 Account Title 7 8 Bank 9 Accounts Receivable 10 Allowance for Doubtful Acc. 11 Prepaid Insurance 12 Prepaid Rent 13 Supplies 14 Land 15 Building 16 Acc. Amort Building 17 Furniture 18 Acc. Amort Furniture 19 Equipment 20 Acc. Amort Equipment 21 HST Payable 22 Accounts Payable 23 Loan Payable 24 Mortgage Payable 25 K. Teleki, Capital 26 K. Teleki, Drawings 27 Consulting Fees 28 Advertising Expense 29 Utilities Expense 30 Office Expense 31 General Expense 32 Salaries Expense 33 Trial Balance Debit Credit 22,720 13,200 510 5,150 720 3,670 15,000 85,000 8,000 26,700 10,000 20,000 14,200 10,500 9,200 15,700 82,000 17,520 24,000 75,900 1,800 1,470 6,700 960 16,440 243,530 243,530 34 35 36 37 38 39 40 41 0 0 0 0 0 lo 0 0 42 0 0 43 0 0 0 0