Estrada Real Estate Appraisal

Adjusted Trial Balance

June 30, 2018

Balance

Account Title

Debit Credit

Cash $4,400

Accounts Receivable 4,500

Office Supplies 2,700

Prepaid Insurance 1,900

Land 13,200

Building 77,000

Accumulated DepreciationBuilding $25,500

Accounts Payable 19,400

Interest Payable 8,000

Salaries Payable 2,200

Unearned Revenue 7,100

Notes Payable (long-term) 37,000

Estrada, Capital 40,000

Estrada, Withdrawals 27,500

Service Revenue 48,300

Insurance Expense 5,000

Salaries Expense 32,900

Supplies Expense 900

Interest Expense 8,000

Utilities Expense 1,800

Depreciation ExpenseBuilding 7,700

Total $187,500 $187,500

QUESTION 5.) Prepare the company's statement of owner's equity for the year ended June 30, 2018.

Assume that there were no contributions made by the owner during the year. (Use a minus sign or parentheses to show a net loss. Exclude any zero-balance events for the period from the statement of owner's equity.)

Estrada Real Estate Appraisal

Statement of Owner's Equity

Year Ended June 30, 2018

Estrada, Capital, July 1, 2017
	__________________
Estrada, Capital, June 30, 2018	__________________