COULD YOU PLEASE ANSWER QUESTION 2 AND ONWARD. QUESTION 1 HAS ALREADY BEEN ANSWERED. THANK YOU
Sousa Realty Chart of Accounts Revenue Assets 411 Commissions Earned 111 Cash Expenses 112 Accounts Receivable 511 Rent Expense 114 Prepaid Rent 115 Office Supplies 512 Salaries Expense 513 Gas Expense 121 Office Equipment 122 Accumulated Depreciation, Office Equipment 514 Repairs Expense 515 Telephone Expense 123 Automobile 516 Advertising Expense 124 Accumulated Depreciation, Automobile Liabilities 517 Office Supplies Expense 211 Accounts Payable 518 Depreciation Expense, Office Equipment 212 Salaries Payable 519 Depreciation Expense, Automobile Owner's Equity 524 Miscellaneous Expense 311 James Sousa, Capital 312 James Sousa, Withdrawals 313 Income Summary 193 The Accounting Cycle Completed CHAPTER 5 Oct 1 Purchased additional office supplies on account from Paper Co., $850 INVOICE Paper Company 1 Ferncroft Rd. DATE: Oct. 1/1X Los Angeles, CA 90052 Phone (213) 631-0288 NUMBER: D1996035 TERMS: Net 60 SOLD TO: Sousa Realty 8200 Sunset Blvd. Los Angeles, CA 90028 SHIPPED TO: Sousa Realty 8200 Sunset Blvd. Los Angeles, CA 90028 DATE DESCRIPTION UNIT PRICE AMOUNT $850.00 Oct. 1/1X Office supplies Subtotal 850.00 $850.00 Total Business Number 115555559 PLEASE PAY THE ABOVE THANK YOU FOR YOUR BUSINESS Oct Paid Chicago Times advertising bill for September, $900. 2 0010 SOUSA REALTY (213) 478-3584 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 October 2 201X 9000 XX PAY TO THE ORDER OF Chicago Times XX Nine Hundred and 0o DOLLARS BAY BANK Box 1739 Teminal Annex Los Angeles, CA 90052 James Sousa MEMO Invoice# 4879 2200066 1:400 O3857 0136 200 10 Sold a house to Helen Baker and collected a commission cf $7,300 Oct. 3 SOUSA REALTY COMMISSION REPORT Date: October 3, 201x Helen Baker Name: Commission Sales Description Sales No. Amount Date: Paid in ful A1004 $7,300.00 Oct. 3/1X Home at 800 Rose Ave. Remarks: CO04 194 CHAPTER 5 The Accounting Cycle Completed DEPOSIT TICKET CURRENCY CASH aappapooo0ococ DODDO00a0 DO0000ODanoODD SOUSA REALTY (213)478-3584 8200 SUNSET BOULEVARD Los Angeles, CA 90028 COIN LIST CHECKSSINGLY z8-02 7,300 00 16-66/1220 A hold for uncollected unds may be placed on unds deponted by deck or rumets The COd dely yor ay n whdrzw such turts The delay any would not eeed the penod of bme permtted by law TOTAL FROM OTHER SIDE October 3 201X DATE OTAL LESS CASH RECENED SIGN HERE IN PRESENCE OF TELLER FOR CASH RETD FROM DEP NET DEPOSIT 7300 00 BAY BANK Box 1739 Terminal Annex Los Angeles, CA 90052 2 20006G L400 03857 -0136 2 Oct. Paid gas bill to Haffner Gas Co., $29 6 SOUSA REALTY (213) 478-3584 0011 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 October 6 201X PAY TO THE Haffner Gas Co. 2910 $ XX Twenty-nine and 00 DOLLARS BAY BANK Box 1739 Terminal Annex Los Angeles, CA 90052 MEMO Gas Bill- October 6 James Sousa Oct Collected commission from Tropic Developers for sale of building lot on September 17, $10,000 8 DEPOSIT TICKET CURRENCY adacoooODnpop CASH SOUSA REALTY (213)478-3584 8200 SUNSET BOULEVARD COIN ODD000OCDO0 UST CHECKS SINGLY 10,000 00 Los Angeles, CA 90028 220-14 16-68/1220 A hald tor uncolected unds may be placed on funds d ed by deck or sem uments This ad dlay you aby whdw h funds The delay any woud not exced te penod of timg permmod by law TOTAL FROM ER SIDE October 8 201X DATE OTAL SIGN HERE IN PRESENCE OF TELLER FOR CASH RETO FROM DEP LESS CASH RECEIVED NET DEPOSIT 10,000 00 BAY BANK Box 1739 Terminal Annex Los Angeles, CA 90052 2 200066 11400 0385? 013G 2 195 The Accounting Cycle Completed CHAPTER 5 Oct. 12 Paid $530 to Long Realtors Assoc. to send employees to realtors' workshop. SOUSA REALTY (213) 478-3584 0012 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 201X October 12 PAY TO THE 530 XX 100 Long Realtors Assoc. $ ORDER OF XX Five Hundred Thirty and Too DOLLARS BAY BANK Box 1739 Terminal Annex Los Angeles, CA 90052 James Sousa Workshop Registration MEMO Oct. 15 Paid Rosie Petrillo, office secretary, $300. 0013 SOUSA REALTY (213) 478-3584 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 October 15 201X PAY TO THE ROsie Petrillo ORDER OF 3000 XX $ XX Three Hundred and ioo DOLLARS BAY BANK Box 1739 Terminal Annex Los Angeles, CA 90052 James Sousa MEMO Salary October 1-15 Sold a house to Gary Schneider and earned a commission of $2,900. Commission to be received on November 10 17 Oct. SOUSA REALTY Date: October 17, 201X COMMISSION REPORT Gary Schneider Name Commisslon Amount Sales No. Sales Description Date: $2,900.00 Oct. 17/1X Home at RR2, Site 3 A1010 Remarks: Payment due November 10, 201X CO05 196 The Accounting Cycle Completed CHAPTER 5 Oct Sold a building lot to Lombardi Builders and collected a commission of $4,500. 18 DEPOSIT TICKET oOODO00conDooD CURRENCY 0 ODD CASH pODDD0p SOUSA REALTY (213)478-3584 B200 SUNSET BOULEVARD Los Angeles, CA 90028 CON Oapoc LIST CHECKS SINOL 4,500 00 269-10 18-66/1220 A hold for uncolincted nds may he plsced on eds deposod by check or amir mw Th rod d ty tor wthdaw surh unds The dniay i any would not ecnd the period of ime pentied by iaw TOTAL FROM OTHER SIDE 201X October 18 DATE TOTAL LESS CASH RECEIVED SIGN HERE IN PRESENCE OF TELLER FOR CASH RETD FROM DEP 4,500 00 NET DEPOSIT BAY BANK Box 1739 Terminal Annex Los Angeles, CA 90052 2 20006G:LO0O385? 0136 2 SOUSA REALTY October 18, 201X Date: COMMISSION REPORT Lombardi Builders Name: Commission Sales No. Sales Description Amount Date: Oct. 18/1x Building lot at 5004 King St. i Paid in ful. $4,500.00 A1005 Remarks CO06 Sent a check to Heritage Charities for $65 to help sponsor a local road race to aid the poor. (This amount is not to be considered an advertising expense; it is a business expense and is posted to Miscellaneous Expense.) Oct. 22 0014 SOUSA REALTY (213) 478-3584 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 October 22 201X 650 $ XX Heritage Charities PAY TO THE ORDER OF 100 XX Sixty-Five and 00 DOLLARS BAY BANK Box 1739 Terminal Annex Los Angelos, CA 90052 James Sousa MEMO Aid to Poor 2 200066 LO003857 013 2oo CHAPTER 5 The Accounting Cycle Completed 197 Oct. 24 Paid Hyundai North $620 for repairs to automobile due to accident. 1 Salem St, Los Angeles, CA 90052 (213) 639-1917 INVOICE Hyundai North INVOICE NO. 2119 DATE: October 24/1X TERMS: Cash : SOUSA REALTY 8200 Sunset Blvd Los Angeles, CA 90028 QUANTITY DESCRIPTION UNIT PRICE AMOUNT Accident Repairs $620.00 Make all checks payable to Hyundai North SUBTOTAL 620.00 PAYMENT RECEIVED Check #0015 FREIGHT X TOTAL DUE $620.00 SOUSA REALTY (213) 478-3584 0015 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 October 24 201X PAY TO THE ORDER OF Hyundai North $ 6200 XX XX Six Hundred Twenty and Too- DOLLARS BAY BANK Bax 1739 Teminal Annex Los Angeles, CA 90052 James Sousa MEMO Auto Repairs-Inv. 2119 James Sousa withdrew $2,200 from the business to pay personal expenses Oct. 28 SOUSA REALTY (213) 478-3584 0016 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 October 28 201X PAY TO THE $ 2,200 XX 100 James Sousa ORDER OF XX Two Thousand Two Hundred and DOLLARS BAY BANK Box 1739 Terminal Annex Los Angeles, CA 90052 James Sousa MEMO Withdrawal 198 The Accounting Cycle Completed CHAPTER 5 Paid Rosie Petrillo, office secretary, $300 Oct. 30 0017 SOUSA REALTY (213) 478-3584 201X October 30 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 3000 $ PAY TO THE Rosie Petrillo ORDER OF XX Three Hundred and ioo DOLLARS BAY BANK Box 1739 Terminal Annex Los Angeles, CA 90052 James Sousa MEMO Salary-October 16-31 Oct Paid Comcast telephone bill, $480. 30 1 Park Place Comcast Los Angeles, CA 90052 (213) 862-8061 Your Statement yment In Account with SOUSA REALTY 8200 Sunset Blvd. received Los Angeles, CA 90028 October Account #09444 710-190 30, 201X Billing Period: October 1 to October 28 Payments/Adjustments/Deposits Details Payment Received October 2. Thank you. $330.00 -$330.00 $480.00 Monthly rental and changes to service Amount now due $480.00 Total Due Payment due after November 10, 201X $519.15 SOUSA REALTY (213) 478-3584 0018 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 October 30 201X PAY TO THE Comcast ORDER OF $ 48000 Four Hundred Eighty and 100 DOLLARS BAY BANK Box 1739 Terminal Annex Los Angeles, CA 90052 MEMO October Phone Bill James Sousa CHAPTER 5 The Accounting Cycle Completed 199 Oct 30 Advertising bill from Chicago Times for October, $1,300. The bill is to be paid on November 2 Chicago Times 1 Long Rd. Chicago, IL 60527 (630) 744-1000 IN VOICE SOLD TO: Sousa Realty 8200 Sunset Blvd. Los Angeles, CA 90028 Invoice No.: S400 Date: October 30, 201X November 2, 201x Due Date: DATE DESCRIPTION AMOUNT Oct. 30/1X Advertising in Chicago Times during October 201X $1,300.00 SUBTOTAL 1,300.00 Business Number 944122338 MAKE ALL CHECKS PAYABLE TO CHICAGO TIMES TAL $1,300.00 Required Work for October 1. Journalize transactions in a general journal (p. 4) and post to ledger accounts 2. Prepare a trial balance in the first two columns of a blank, fold-out worksheet located at the end of your textbook and complete the worksheet using the following adjustment data: a. One month's rent had expired. Paid 5 months' rent in advance on September 1, $1,000 b. An inventory shows $130 of office supplies remaining Depreciation on office equipment, $160 d. Depreciation on automobile, $210 3. Prepare an October income statement, statement of owner's equity, and balance sheet 4. From the worksheet, journalize and post adjusting and closing entries (p. 6 of journal) 5. Prepare a post-closing trial balance. Check Figure: Post-Closing Trial Balance end of October $66,551 . Date Class Name MINI PRACTICE SET SOUSA REALTY Use one of the blank fold-out worksheets that accompanied your textbook. (2) (3) SOUSA REALTY INCOME STATEMENT FOR MONTH ENDED SEPTEMBER 30, 201X evenue Commi ssion income earned. Lxpenes: dvedsing epense ze2air e ice suppies expese Salaries expense Deureciahon expense Teiephone expese 2ent expernse Cas expensl STO 710 Ttal perating expenses Neinrome Date Class Name MINI PRACTICE SET SOUSA REALTY SOUSA REALTY STATEMENT OF OWNER'S EQUITY FOR MONTH ENDED SEPTEMBER 30, 201X anes Sousa,(apial Sept 1AOL Net Income Less: uithdrawels Darease un Capital Same s sOUsa. Copital Sep+ 20 201x SG-215 SOUSA REALTY BALANCE SHEET SEPTEMBER 30, 201X ASSETS LIABILITIES AND OWNER'S EQUITY LiavtTeies Accounts pon ccounts pReccivable Dre Rent ANe SUDDlies Tce Eou ment la sa DIoners eavitu 5.Sousa ,caital tomo Total liauhes douncysmit Name Dare MINI PRACTICE SET SOUSA REALTY SG-216 Sousa Realty Chart of Accounts Revenue Assets 411 Commissions Earned 111 Cash Expenses 112 Accounts Receivable 511 Rent Expense 114 Prepaid Rent 115 Office Supplies 512 Salaries Expense 513 Gas Expense 121 Office Equipment 122 Accumulated Depreciation, Office Equipment 514 Repairs Expense 515 Telephone Expense 123 Automobile 516 Advertising Expense 124 Accumulated Depreciation, Automobile Liabilities 517 Office Supplies Expense 211 Accounts Payable 518 Depreciation Expense, Office Equipment 212 Salaries Payable 519 Depreciation Expense, Automobile Owner's Equity 524 Miscellaneous Expense 311 James Sousa, Capital 312 James Sousa, Withdrawals 313 Income Summary 193 The Accounting Cycle Completed CHAPTER 5 Oct 1 Purchased additional office supplies on account from Paper Co., $850 INVOICE Paper Company 1 Ferncroft Rd. DATE: Oct. 1/1X Los Angeles, CA 90052 Phone (213) 631-0288 NUMBER: D1996035 TERMS: Net 60 SOLD TO: Sousa Realty 8200 Sunset Blvd. Los Angeles, CA 90028 SHIPPED TO: Sousa Realty 8200 Sunset Blvd. Los Angeles, CA 90028 DATE DESCRIPTION UNIT PRICE AMOUNT $850.00 Oct. 1/1X Office supplies Subtotal 850.00 $850.00 Total Business Number 115555559 PLEASE PAY THE ABOVE THANK YOU FOR YOUR BUSINESS Oct Paid Chicago Times advertising bill for September, $900. 2 0010 SOUSA REALTY (213) 478-3584 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 October 2 201X 9000 XX PAY TO THE ORDER OF Chicago Times XX Nine Hundred and 0o DOLLARS BAY BANK Box 1739 Teminal Annex Los Angeles, CA 90052 James Sousa MEMO Invoice# 4879 2200066 1:400 O3857 0136 200 10 Sold a house to Helen Baker and collected a commission cf $7,300 Oct. 3 SOUSA REALTY COMMISSION REPORT Date: October 3, 201x Helen Baker Name: Commission Sales Description Sales No. Amount Date: Paid in ful A1004 $7,300.00 Oct. 3/1X Home at 800 Rose Ave. Remarks: CO04 194 CHAPTER 5 The Accounting Cycle Completed DEPOSIT TICKET CURRENCY CASH aappapooo0ococ DODDO00a0 DO0000ODanoODD SOUSA REALTY (213)478-3584 8200 SUNSET BOULEVARD Los Angeles, CA 90028 COIN LIST CHECKSSINGLY z8-02 7,300 00 16-66/1220 A hold for uncollected unds may be placed on unds deponted by deck or rumets The COd dely yor ay n whdrzw such turts The delay any would not eeed the penod of bme permtted by law TOTAL FROM OTHER SIDE October 3 201X DATE OTAL LESS CASH RECENED SIGN HERE IN PRESENCE OF TELLER FOR CASH RETD FROM DEP NET DEPOSIT 7300 00 BAY BANK Box 1739 Terminal Annex Los Angeles, CA 90052 2 20006G L400 03857 -0136 2 Oct. Paid gas bill to Haffner Gas Co., $29 6 SOUSA REALTY (213) 478-3584 0011 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 October 6 201X PAY TO THE Haffner Gas Co. 2910 $ XX Twenty-nine and 00 DOLLARS BAY BANK Box 1739 Terminal Annex Los Angeles, CA 90052 MEMO Gas Bill- October 6 James Sousa Oct Collected commission from Tropic Developers for sale of building lot on September 17, $10,000 8 DEPOSIT TICKET CURRENCY adacoooODnpop CASH SOUSA REALTY (213)478-3584 8200 SUNSET BOULEVARD COIN ODD000OCDO0 UST CHECKS SINGLY 10,000 00 Los Angeles, CA 90028 220-14 16-68/1220 A hald tor uncolected unds may be placed on funds d ed by deck or sem uments This ad dlay you aby whdw h funds The delay any woud not exced te penod of timg permmod by law TOTAL FROM ER SIDE October 8 201X DATE OTAL SIGN HERE IN PRESENCE OF TELLER FOR CASH RETO FROM DEP LESS CASH RECEIVED NET DEPOSIT 10,000 00 BAY BANK Box 1739 Terminal Annex Los Angeles, CA 90052 2 200066 11400 0385? 013G 2 195 The Accounting Cycle Completed CHAPTER 5 Oct. 12 Paid $530 to Long Realtors Assoc. to send employees to realtors' workshop. SOUSA REALTY (213) 478-3584 0012 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 201X October 12 PAY TO THE 530 XX 100 Long Realtors Assoc. $ ORDER OF XX Five Hundred Thirty and Too DOLLARS BAY BANK Box 1739 Terminal Annex Los Angeles, CA 90052 James Sousa Workshop Registration MEMO Oct. 15 Paid Rosie Petrillo, office secretary, $300. 0013 SOUSA REALTY (213) 478-3584 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 October 15 201X PAY TO THE ROsie Petrillo ORDER OF 3000 XX $ XX Three Hundred and ioo DOLLARS BAY BANK Box 1739 Terminal Annex Los Angeles, CA 90052 James Sousa MEMO Salary October 1-15 Sold a house to Gary Schneider and earned a commission of $2,900. Commission to be received on November 10 17 Oct. SOUSA REALTY Date: October 17, 201X COMMISSION REPORT Gary Schneider Name Commisslon Amount Sales No. Sales Description Date: $2,900.00 Oct. 17/1X Home at RR2, Site 3 A1010 Remarks: Payment due November 10, 201X CO05 196 The Accounting Cycle Completed CHAPTER 5 Oct Sold a building lot to Lombardi Builders and collected a commission of $4,500. 18 DEPOSIT TICKET oOODO00conDooD CURRENCY 0 ODD CASH pODDD0p SOUSA REALTY (213)478-3584 B200 SUNSET BOULEVARD Los Angeles, CA 90028 CON Oapoc LIST CHECKS SINOL 4,500 00 269-10 18-66/1220 A hold for uncolincted nds may he plsced on eds deposod by check or amir mw Th rod d ty tor wthdaw surh unds The dniay i any would not ecnd the period of ime pentied by iaw TOTAL FROM OTHER SIDE 201X October 18 DATE TOTAL LESS CASH RECEIVED SIGN HERE IN PRESENCE OF TELLER FOR CASH RETD FROM DEP 4,500 00 NET DEPOSIT BAY BANK Box 1739 Terminal Annex Los Angeles, CA 90052 2 20006G:LO0O385? 0136 2 SOUSA REALTY October 18, 201X Date: COMMISSION REPORT Lombardi Builders Name: Commission Sales No. Sales Description Amount Date: Oct. 18/1x Building lot at 5004 King St. i Paid in ful. $4,500.00 A1005 Remarks CO06 Sent a check to Heritage Charities for $65 to help sponsor a local road race to aid the poor. (This amount is not to be considered an advertising expense; it is a business expense and is posted to Miscellaneous Expense.) Oct. 22 0014 SOUSA REALTY (213) 478-3584 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 October 22 201X 650 $ XX Heritage Charities PAY TO THE ORDER OF 100 XX Sixty-Five and 00 DOLLARS BAY BANK Box 1739 Terminal Annex Los Angelos, CA 90052 James Sousa MEMO Aid to Poor 2 200066 LO003857 013 2oo CHAPTER 5 The Accounting Cycle Completed 197 Oct. 24 Paid Hyundai North $620 for repairs to automobile due to accident. 1 Salem St, Los Angeles, CA 90052 (213) 639-1917 INVOICE Hyundai North INVOICE NO. 2119 DATE: October 24/1X TERMS: Cash : SOUSA REALTY 8200 Sunset Blvd Los Angeles, CA 90028 QUANTITY DESCRIPTION UNIT PRICE AMOUNT Accident Repairs $620.00 Make all checks payable to Hyundai North SUBTOTAL 620.00 PAYMENT RECEIVED Check #0015 FREIGHT X TOTAL DUE $620.00 SOUSA REALTY (213) 478-3584 0015 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 October 24 201X PAY TO THE ORDER OF Hyundai North $ 6200 XX XX Six Hundred Twenty and Too- DOLLARS BAY BANK Bax 1739 Teminal Annex Los Angeles, CA 90052 James Sousa MEMO Auto Repairs-Inv. 2119 James Sousa withdrew $2,200 from the business to pay personal expenses Oct. 28 SOUSA REALTY (213) 478-3584 0016 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 October 28 201X PAY TO THE $ 2,200 XX 100 James Sousa ORDER OF XX Two Thousand Two Hundred and DOLLARS BAY BANK Box 1739 Terminal Annex Los Angeles, CA 90052 James Sousa MEMO Withdrawal 198 The Accounting Cycle Completed CHAPTER 5 Paid Rosie Petrillo, office secretary, $300 Oct. 30 0017 SOUSA REALTY (213) 478-3584 201X October 30 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 3000 $ PAY TO THE Rosie Petrillo ORDER OF XX Three Hundred and ioo DOLLARS BAY BANK Box 1739 Terminal Annex Los Angeles, CA 90052 James Sousa MEMO Salary-October 16-31 Oct Paid Comcast telephone bill, $480. 30 1 Park Place Comcast Los Angeles, CA 90052 (213) 862-8061 Your Statement yment In Account with SOUSA REALTY 8200 Sunset Blvd. received Los Angeles, CA 90028 October Account #09444 710-190 30, 201X Billing Period: October 1 to October 28 Payments/Adjustments/Deposits Details Payment Received October 2. Thank you. $330.00 -$330.00 $480.00 Monthly rental and changes to service Amount now due $480.00 Total Due Payment due after November 10, 201X $519.15 SOUSA REALTY (213) 478-3584 0018 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 October 30 201X PAY TO THE Comcast ORDER OF $ 48000 Four Hundred Eighty and 100 DOLLARS BAY BANK Box 1739 Terminal Annex Los Angeles, CA 90052 MEMO October Phone Bill James Sousa CHAPTER 5 The Accounting Cycle Completed 199 Oct 30 Advertising bill from Chicago Times for October, $1,300. The bill is to be paid on November 2 Chicago Times 1 Long Rd. Chicago, IL 60527 (630) 744-1000 IN VOICE SOLD TO: Sousa Realty 8200 Sunset Blvd. Los Angeles, CA 90028 Invoice No.: S400 Date: October 30, 201X November 2, 201x Due Date: DATE DESCRIPTION AMOUNT Oct. 30/1X Advertising in Chicago Times during October 201X $1,300.00 SUBTOTAL 1,300.00 Business Number 944122338 MAKE ALL CHECKS PAYABLE TO CHICAGO TIMES TAL $1,300.00 Required Work for October 1. Journalize transactions in a general journal (p. 4) and post to ledger accounts 2. Prepare a trial balance in the first two columns of a blank, fold-out worksheet located at the end of your textbook and complete the worksheet using the following adjustment data: a. One month's rent had expired. Paid 5 months' rent in advance on September 1, $1,000 b. An inventory shows $130 of office supplies remaining Depreciation on office equipment, $160 d. Depreciation on automobile, $210 3. Prepare an October income statement, statement of owner's equity, and balance sheet 4. From the worksheet, journalize and post adjusting and closing entries (p. 6 of journal) 5. Prepare a post-closing trial balance. Check Figure: Post-Closing Trial Balance end of October $66,551 . Date Class Name MINI PRACTICE SET SOUSA REALTY Use one of the blank fold-out worksheets that accompanied your textbook. (2) (3) SOUSA REALTY INCOME STATEMENT FOR MONTH ENDED SEPTEMBER 30, 201X evenue Commi ssion income earned. Lxpenes: dvedsing epense ze2air e ice suppies expese Salaries expense Deureciahon expense Teiephone expese 2ent expernse Cas expensl STO 710 Ttal perating expenses Neinrome Date Class Name MINI PRACTICE SET SOUSA REALTY SOUSA REALTY STATEMENT OF OWNER'S EQUITY FOR MONTH ENDED SEPTEMBER 30, 201X anes Sousa,(apial Sept 1AOL Net Income Less: uithdrawels Darease un Capital Same s sOUsa. Copital Sep+ 20 201x SG-215 SOUSA REALTY BALANCE SHEET SEPTEMBER 30, 201X ASSETS LIABILITIES AND OWNER'S EQUITY LiavtTeies Accounts pon ccounts pReccivable Dre Rent ANe SUDDlies Tce Eou ment la sa DIoners eavitu 5.Sousa ,caital tomo Total liauhes douncysmit Name Dare MINI PRACTICE SET SOUSA REALTY SG-216
