Financial Statements and Closing Entries The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 20Y9, the end of the fiscal year, the accountant for The Gorman Group prepared an end-of-period spreadsheet, part of which follows: Account Title Cash The Gorman Group End-of-Period Spreadsheet For the Year Ended October 31, 20Y9 Adjusted Trial Balance Accounts Receivable Supplies Prepaid Insurance Land Buildings Accumulated Depreciation-Buildings Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Dr. 14,700 32,000 5,000 10,800 114,000 409,000 295,000 Adjusted Trial Balance Cr. 133,200 173,500 37,850 3,750

Finarical Statements and Closing Crithins Group treparted ao end of penod speadsheet, part of which folows