=+Suspicions Company End-of-Period Spreadsheet (Work Sheet)

For the Year Ended November 30, 2010 Income Statement Balance Sheet Dr. Cr. Dr. Cr.

Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation—Equipment Accounts Payable Salaries Payable Unearned Rent Curtis Graves, Capital Curtis Graves, Drawing Service Fees Rent Revenue Salary Expense Rent Expense Supplies Expense Depreciation Expense—Equipment Utilities Expense Repairs Expense Insurance Expense Miscellaneous Expense Net income 375,000 62,500 9,000 5,000 4,400 3,200 2,800 4,600 466,500 33,500 500,000 480,000 20,000 500,000 500,000 11,500 47,200 3,500 4,800 175,000 30,000 272,000 272,000 55,200 6,000 1,500 3,000 172,800 238,500 33,500 272,000 A HI JK PR 4-2B Financial statements and closing entries objs. 2, 3

✔ 1. Curtis Graves, capital, November 30: $176,300