FINE CONSULTING SERVICE Adjusted Trial Balance December 31 Debit Credit Cash $2,970 Accounts Receivable 3,597 Supplies 3,366 Prepaid Insurance 1,650 Equipment 7,040 Accum. Depr. - Equipment $1,188 Accounts Payable 930 Long-Term Notes Payable 7,700 Common Stock 2,200 Retained Earnings 5,725 Dividends 3,190 Service Fees Earned 64,240 Rent Expense 13,200 Salaries Expense 36,740 Supplies Expense 5,170 Insurance Expense 3,575 Depreciation Expense 792 Interest Expense 693 Totals $81,983 $81,983 FINE CONSULTING SERVICE Income Statement For Year Ended December 31 Revenue Service Fees Earned Expenses Rent Expense Salaries Expense Supplies Expense Insurance Expense Depreciation Expense-Equipment Interest Expense Total Expenses Net Income $ 0 0 0 0 0 0 0 $ +A 0 0 FINE CONSULTING SERVICE Statement of Stockholders' Equity For Year Ended December 31 Common Stock Retained Earnings Total Balance, January 1 $ 0 $ 0 $ 0 Add: Net Income 0 0 0 Less: Dividends Paid(enter as a negative) 0 0 0 Balance, December 31 $ 0 $ 0 $ 0 FINE CONSULTING SERVICE Balance Sheet December 31 Assets Cash Accounts Receivable Supplies Prepaid Insurance Liabilities 0 Accounts Payable $ 0 Long-Term Notes Payable 0 Total Liabilities 0 Equipment 0 Stockholders' Equity Less: Accum. Depr. Equipment(Enter as a negative) 0 0 Common Stock Total Assets Retained Earnings Total Stockholders' Equity 0 Total Liabilities and Stockholders' Equity $ 00 0 0 0 0 0 Date Dec 31 31 General Journal Description Debit Credit = $ 0 $ 0 0 0 To close the revenue account. Rent Expense Salaries Expense Supplies Expense 0 0 0 0 0 0 0 0 Insurance Expense 0 0 Depreciation Expense 0 0 Interest Expense 0 0 To close the expense accounts. 31 0 0 0 0 To close income summary. 31 0 0 0 0 To close the dividends account.