1. Prepare Mosquem Golf Schools Income Statement, Balance Sheet and Statement of Owners Equity from the adjusted Trial Balance Report in proper format.
	Mosquem Golf School	(24 marks)
		Adjusted Trial Balance
	For the year ended April 30, 2017
	Account Title		Debit	Credit
	Accounts Payable			$41,100
	Accounts Receivable		$87,480
	Accumulated Amortization - Building			$36,520
	Accumulated Amortization - Equipment			$56,860
	Advertising Expense - Building		$7,420
	Amortization Expense - Equipment		$13,800
	Building		$148,660
	Cash		$3,740
	Equipment		$127,860
	Insurance Expense		$10,740
	Interest Payable			$5,560
	J Wilson Capital			$128,400
	J Wilson, withdrawals		$56,000
	Land		$40,000
	Note Payable			$139,800
	Prepaid Insurance		$4,580
	Prepaid Rent
	Salary Expense		$66,620
	Salary Payable			$2,660
	Service Revenue			$179,760
	Supplies		$7,380
	Supplies Expense		$13,760
	Utilities Expense		$9,940
	Unearned Revenue (Deferred Revenue)			$7,320
			$597,980	$597,980