Financial Statements and Closing Entries The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 2018, 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, 2018 Adjusted Trial Balance Account Title Dr. Cr. Cash $11,000 Accounts Receivable 28,150 Supplies 6,350 Prepaid Insurance 9,500 Land 75,000 Buildings 250,000 Accumulated Depreciation-Buildings 117,200 Equipment 240,000 Accumulated Depreciation-Equipment 151,700 Accounts Payable 33,300 Salaries Payable 3,300 Unearned Rent Common Stock Retained Earnings Dividends Service Fees 1,500 25,000 195,000 20,000 468 000