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Ayayai Management Services began business on January 1, 2018, with a capital investment of $86,500. The company manages condominiums for owners (service revenue) and rents

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Ayayai Management Services began business on January 1, 2018, with a capital investment of $86,500. The company manages condominiums for owners (service revenue) and rents space in its own office building (rent revenue). The trial balance and adjusted trial balance columns of the worksheet at the end of 2019 are as follows Ayayai Services Worksheet For the Year Ended December 31, 2019 Trial Balance Account Titles Dr. Cr. Adjusted Trial Balance Dr. Cr. Cash 13,800 13,800 28,000 28,000 Accounts Receivable 3,612 2,412 Prepaid Insurance Land 68.300 68,300 125,100 125,100 59.200 59.200 12,600 12.600 Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable 5,900 1,600 130,800 130,800 86,500 86,500 Common Stock 44.612 44,612 Retained Earnings Retained Earnings 44,612 44,612 Dividends 22,200 22,200 Service Revenue 91.900 91,900 Rent Revenue 29,200 33,500 41,900 41.900 Salaries and Wages Expense Advertising Expense Utilities Expense 20,300 20,300 19,100 19,100 Totals 401,512 401,512 1.200 7.200 3,200 Insurance Expense Depreciation Expense Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Interest Expense Interest Payable Totals 4,000 10,200 10,200 418,912 418,912 Prepare a complete worksheet. Trial Balance Adjustments Cr. Dr. Dr. Account Titles Cr. Cash 13,800 Accounts Receivable 28,000 Prepaid Insurance 3,612 Land 68,300 Buildings 125,100 Equipment 59,200 Accounts Payable 12,600 Prepare a complete worksheet. a Ayayai Services Worksheet Income Statement Adjusted Trial Balance Dr. Cr. Dr. Cr. 13,800 28,000 I Balance Sheet Dr. Cr. 13,800 28,000 Accounts Payable 12,600 Unearned Rent Revenue 5.900 Mortgage Payable 130,800 Common Stock 86,500 Retained Earnings 44,612 Dividends 22,200 Service Revenue 91,900 Rent Revenue 29,200 Salaries and Wages Expense 41.900 Advertising Expense 20,300 Utilities Expense 19.100 Totals 401,512 401,512 Insurance Expense 1 1 Totals Insurance Expense Depr. Expense Accum. Depr.-Buildings Accum. Depr.-Equipment Interest Expense Interest Payable Totals Net Income Totals

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