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Ivanhoe Management Services began business on January 1, 2020, with a capital investment of $110,700. The company manages condominiums for owners Service Revenue) and rents
Ivanhoe Management Services began business on January 1, 2020, with a capital investment of $110,700. The company manages condominiums for owners Service Revenue) and rents space in its own office building (Rent Revenuel. The trial balance and adjusted trial balance columns of the worksheet at the end of the first year are as follows. Ivanhoe Management Services Worksheet For the Year Ended December 31, 2020 Trial Balance Cr. Dr. 13.800 28.100 3,684 65.900 129.900 58300 Cash Accounts Receivable Prepaid insurance Land Buildings Equipment Accounts Payable Uneamed Rent Revenue Morte Payable Owner's Capital Owner's Drawing Service Revenue Rent Revenue Adjusted Trial Balance Dr. Cr. 13.800 28.100 2456 65,900 129.900 58,800 12.100 1.200 110.700 154,184 21700 91300 3100 12,100 6.000 110,700 154184 21.700 91.300 29.000 3 $ 4 5 6 8 9 0 del E R T Y U O P D H K x V B C V B N. M Prepare a complete worksheet. Trial Balance Dr. Cr. Adjustments Account Titles Dr. Cr. Cash 13,800 Accounts Receivable 28,100 Prepaid Insurance 3.684 Land 65.900 Buildings 129.900 Equipment 50.800 Accounts Payable 12.100 cared Rent Revenue 6.000 Mortgage Payable 110.700 A $ 4 3 % 5 7 8 1 0 9 W E R T Y C D F G H K
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