eBook Financial Statements and Closing Entries The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 2013, the end of the fiscal year, the accountant for The Gorman Group prepared an end-of-period spreadsheet, part of which follows: The Gorman Group End-of-Period Spreadsheet For the Year Ended October 31, 2013 Adjusted Trial Balance Account Title Dr. Cr. Cash 18,460 Accounts Receivable 40,190 Supplies 6,280 Prepaid Insurance 13,560 Land 143,000 Buildings 514,000 Accumulated Depreciation-Buildings 167,300 Equipment 371,000 Accumulated Depreciation-Equipment 217,900 Accounts Payable 47,540 Salaries Payable 4,710 Unearned Rent 2,140 Nicole Gorman, Capital 610,550 Nicole Gorman, Drawing 35,700 Service Fees 677,930