Account Title Cash Inventory Accounts Receivable Office Supplies Prepaid Insurance Furniture Land Accounts Payable Utilities Payable Unearned Revenue Common Stock Dividends Service Revenue Cost of goods sold Salaries Expense Rent Expense Utilities Expense Total ANN SIMPSON, DESIGNER Unadjusted Trial Balance November 30, 2018 Credit Debit Balance $ 12,400 $40,000 1,100 900 1,080 1,800 24,000 $ 900 600 2,100 59,000 4,000 46,900 20,000 2,820 800 600 $ 109,500 $ 109,500 Adjusting Entries 1. An inventory of supplies showed $100 of supplies were left 2. There was $900 of depreciation on Furniture 3. $1,080 of insurance was purchased for 12 months. One months of insurance was used. 4. Performed $2,000 of services that was paid for in advance 5. On last day of the month, performed $3,500 of services for new customer and will be paid next month 6. Happy cleaners provided $200 of cleaning services on the last day of the month. They will be paid next month. 7. An inventory count revealed there was $700 of inventory shrinkage General Journal Date Adj 1 Adj2 Adj3 Adj4 Adj5 Adj6 Adj7 Accounts and Explanation Debit Credit General Ledger (starting with balances from unadjusted trial balance) Cash Unadj Bal. 12,400 Bal. 12,400 Accounts Receivable Unadj Bal. 1,100 Adj5 Bal. Accounts Payable 900 Unadj Bal. Adj6 900 Bal. Utilities Payable 600 Unadj Bal. 1,100 600 Bal. Office Supplies Unearned Revenue Unadj Bal. 900 Adj1 Adj 4 2,100 Unadj Bal. Bal. 900 Prepaid Insurance Unadj Bal. 1,080 0 Adj3 2,100 Bal. Common Stock 59,000 Unadj Bal. Bal. 1,080 59,000 Bal. Land Dividends Unadj Bal. 24,000 Unadj Bal 4,000 Bal. 24,000 Bal. 4,000 Furniture Service Revenue Unadj Bal. 1,800 46,900 Unadj Bal. Adj4 Adj5 Bal. 1,800 46,900 Bal. Salary Expense Utilities Expense Undadj 2,820 Unadj Bal 600 Bal. 2,820 Bal. 600 Supplies Expense Rent Expense Adj1 Unadj Bal 800 Bal. 0 Bal. 800 Depreciation Expense- Furniture Accumulated Depreciation-Furniture Adj2 Adj2 Bal. 0 Bal. Insurance expense Cleaning expense Adj3 Adj6 Bal. Bal. 0 Cost of goods sold Inventory Unadj Bal. 20,000 Unadj Bal 40,000 Adj7 Adj7 Bal. 20,000 Bal. 40,000 Adjusted Trial Balance ANN SIMPSON DESIGNER Adjusted Trial Balance December 31, 2018 Balance Debit Credit Account Title Cash Inventory Accounts Receivable Office Supplies Prepaid Insurance Land Furniture Accumulated Depreciation-Furniture Accounts Payable Utilities Payable Unearned Revenue Common Stock Dividends Service Revenue Cost of goods sold Utilities Expense Rent Expense Cleaning expense Salary Expense Supplies Expense Depreciation Expense- Furniture Insurance expense Total Revenues: Service Revenue Expenses: Cost of goods sold Utilities Expense Rent Expense Cleaning expense Salary Expense Supplies Expense Depreciation Expense- Furniture Insurance expense www.Total Expenses Net Income ANN SIMPSON DESIGNER Income Statement Year Ended December 31, 2018 Beginning, January 1, 2018 Net income for the year Dividends ANN SIMPSON DESIGNER Statement of Owner's Equity Year Ended December 31, 2018 Ending Balance, December 31, 2018 ANN SIMPSON DESIGNER Balance Sheet December 31, 2018 Assets Current Assets: Cash Inventory Accounts Receivable Office Supplies Prepaid Insurance. Total Current Assets Property, Plant, and Equipment Land Furniture Less: Accumulated Depreciation-Furniture Total Property, Plant, and Equipment Total Assets Current Liabilities: Accounts Payable Utilities Payable Unearned Revenue Total Current Liabilities Total Liabilities Liabilities Stockholders' Equity Common Stock Owner's Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity Question 1 After completing the comprehensive Question #5 worksheet, answer the following questions: 1) what is the total debit balance amount on the adjusted trial balance. 2) What is the total stockholders' equity balance on the balance sheet 3) What is the total liabilities and stockholders Equity balance on the balance sheet