File Home Insert Draw Page Layout Formulas Data Review View Automate Help Calibri 11 ~ A A 25 Wrap Text General Paste B U ~ ~ . A Merge & Center $ % Clipboard Font Alignment Number 17 C D E F G H CLOSING JOURNAL *#Skip lines between transaction dates Date Transaction f. Debit Credit 31-Dec Revenue Earned 118,400 Income Summary 118,400 31-Dec Income Summary 118,400 Wages Expense 36,900 Utilities Expense 10,300 Supples Expense 2,100 Depreciation Expense 1,000 Insurance Expense 1,200 + Income Summary Leah Tyler Capital 31,400 Leah Tyler, Capital Leah Tyler Drawing 21 ACCOUNT NAME DEBIT CREDIT 24 25 26 K Opening balances Journal Entries T-Accounts Adj TB Financials Closing JE & TB Ready UX Accessibility: Investigate 80'F Q Search g Partly sunnyX AutoSave Off H . Wilson_P142 v Search File Home Insert Draw Page Layout Formulas Data Review View Automate Help Calibri 12 ~ A ag Wrap Text Accounting B A Merge & Center For Clipboard Font Alignment Number D26 fx F G K Tyler's Consulting Services Tyler's Consulting Services Income Statement Balance Sheet Month Ended Dec. 31, 20XX Dec. 31, 20XX OUT A W N - Sub total Total Sub total Total Revenues ASSETS-current debit credit Consulting Revenues 118,400 Cash 29,000 7 Total Revenues 118,400 Accounts Receivable-Frankl 9 ,600 8 Expenses Accounts Receivable-Wash 1,900 9 Wages Expense 36,900 Supplies 400 10 Utilities Expense 10,300 *Prepaid Insurance 1,200 11 Rent Expense 26,300 Accumulated Depreciation - Equipm 3,000 12 Supplies Expense 2,100 13 Insurance Expense 1,200 ASSETS-Noncurrent 14 Depreciation Expense 1,000 77,800 15 Net Income 40,600 Land 40,000 16 *Equipment 5,000 17 18 Tyler's Consulting Services Total Assets 84,100 84,100 19 St. of Retained Earnings 20 Month Ended Dec. 31, 20XX 21 Sub total Total Liabilities-current 22 Retained Earnings/capital 34,200 Accounts Payable Gusto In 1,600 23 Add: Net Income 40,600 Notes Payable 40,000 24 Subtotal 74,800 *Unearned Revenue 1,500 25 Less: Dividends/ WD by owner 43,400 Opening balances Journal Entries I-Accounts Adj TB Financials Closing JE & TB + Ready Accessibility: Investigate 80. F Partly sunny Q SearchX AutoSave O off) H - Wilson_P1AZ V Search File Home Insert Draw Page Layout Formulas Data Review View Automate Help Calibri 1 12 - A A ag Wrap Text Accounting Paste B I UGA Merge & Center $ ~ % 91 100 -10 Conditional Forma Formatting Tab! Clipboard Font Alignment Number Styles D26 EX fx B D E F H K 10 Utilities Expense 10,300 *Prepaid Insurance 1,200 11 Rent Expense 26,300 Accumulated Depreciation - Equipm 3,000 12 Supplies Expense 2,100 13 Insurance Expense 1,200 ASSETS-Noncurrent 14 Depreciation Expense 1,000 77,800 15 Net Income 40,600 Land 40,000 16 *Equipment 5.000 17 18 Tyler's Consulting Services Total Assets 84,100 84,100 19 St. of Retained Earnings 20 Month Ended Dec. 31, 20XX 21 Sub total Total Liabilities-current 22 Retained Earnings/capital 34,200 Accounts Payable-Gusto In 1,600 23 Add: Net Income 40,600 Notes Payable 40,000 24 Subtotal 74,800 *Unearned Revenue 1,500 25 Less: Dividends/ WD by owner 43,400 26 27 Tyler, Capital, December 31, 20xx 31,400 Total Liabilities 43,100 28 29 30 Owners' Equity 9600 31 Leah Tyler Capital at Dec 3: 31,400 32 Total Equity 41,000 84,100 33 Total Liabilities + Capital 34 135 Opening balances Journal Entries T-Accounts Adj TB Financials Closing JE & TB Ready Accessibility: Investigate 80 F Search Partly sunny F7 F8 F1 F2 F3 F4 F5 F6 Esc O- O'+