Hey there i am struggling to get the concepts of chapter 4 accounting 121 .

Vang Management Services began business on January 1, 2017, with a capital investment of $120,000. The company manages condominiums for owners (Service Revenue) and rents space in its own office building (Rent Revenue). The trial balance and adjusted trial balance columns of the worksheet at the end of the first year are as follows.

VANG MANAGEMENT SERVICES

Worksheet

For the Year Ended December 31, 2017

Trial Balance

Adjusted Trial Balance

Dr.Cr.Dr.Cr.Cash13,80013,800Accounts Receivable

28,30028,300Prepaid Insurance3,6002,400Land67,00067,000Buildings

127,000127,000Equipment

59,00059,000Accounts Payable12,50012,500Unearned Rent Revenue

6,0001,500Mortgage Payable120,000120,000Owner's Capital144,000144,000Owner's Drawings22,00022,000Service Revenue

90,70090,700Rent Revenue

29,00033,500Salaries and Wages Expense

42,00042,000Advertising Expense20,50020,500Utilities Expense19,00019,000Totals402,200402,200Insurance Expense1,200Depreciation Expense

6,600Accumulated DepreciationBuildings

3,000Accumulated DepreciationEquipment

3,600Interest Expense

10,000Interest Payable

10,000Totals418,800418,800

have a complete worksheet.

classified balance sheet. (Note: $30,000 of the mortgage note payable is due for payment next year.)(List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.)

Journal the adjusting entries.

journal the closing entries

post closing trial balance

Thank you in advance for your help!