Below is the adjusted trial balance of Jims Accounting Service Co. at December 31, 2021:

Jims Accounting Service Co. Adjusted Trial Balance For Year Ended December 31, 2021

Account

Debit Credit

Cash $3,050

Accounts receivable 400

Office supplies 830

Prepaid insurance 80

Long term note receivable 4,200

Land 98,000

Equipment 115,000

Accumulated depreciation, Equipment $1,100

Building 98,000

Accumulated depreciation, Building 28,000

Customer list 900

Notes payable 11,000

Unearned accounting fees earned 3,000

Salaries payable 7,000

Jims, capital 10,000

Jims, withdrawals 5,000

Accounting fees earned 274,500

Depreciation expense, Building 500

Depreciation expense, Equipment 600

Insurance expense 100

Rent expense 1,100

Office supplies expense 900

Repairs expense 5,000

Telephone expense 1,000

Totals $334,660 $334,660