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Create and adjusting entrie please BATAM Unit $1$ Activity $8$ Assignment #$1-$ Teleki Consulting Kristian Teleki operates a consulting service for businesses wanting to open stores in new locations. The business's general ledger had the following balances for the fiscal year ended April $30,2019.$ Debit Credit Bank $22\mathrm{.}720$ Accounts Receivable $13,200$ Allowance for Doubtful Acc. $510$ Prepaid Insurance $5,150$ Prepaid Copier Rental $720$ Supplies $3,670$ Land $15,000$ Building $85,000$ Accumulated Amortization$-$Building $8\mathrm{.}000$ Office Furniture $26,700$ Accumulated Amortization $-$ Office Furniture $10,000$ Equipment $20,000$ Accumulated Amortization $-$ Equipment $14,200$ Line of Credit $10,500$ Accounts Payable $9,200$ Loan Payable $15,700$ Mortgage Payable $82,000$ K$.$ Teleki, Capital $17,520$ K$.$ Teleki, Drawings $24,000$ Consulting Fees $75\mathrm{.}900$ Business Taxes $1,800$ Utilities $1\mathrm{.}470$ Office Expense $6,700$ Copier Rental Expense $960$ Salaries $16,440243,530243,530$ Additional information: $1)$ Prepaid insurance is a one year policy purchased on November $1,2018.2)$ Supplies were counted April $30.$ The cost value of the inventory was $$360.3)$ The building was purchased May $1,2014.$ Its estimated useful life is $40$ years and salvage value is $$5000.$ Teleki uses straight$-$line amortization for the building. $4)$ The office furniture was purchased May $1,2014.$ Its estimated useful life is $10$ years and salvage value is $$1700.$ Teleki uses straight$-$line amortization for the furniture. $5)$ The equipment is being amortized using declining balance method and a $30\%$ rate. $6)$ The copier is rented from a company which requires six months rent in advance. The $$720$ rent was paid on March $1$

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