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Louie's Landscaping provides landscaping services and started their operation on October 1, 2013 and, has a year end of December 31, 2013. Below is their

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Louie's Landscaping provides landscaping services and started their operation on October 1, 2013 and, has a year end of December 31, 2013. Below is their unadjusted trial balance. Louie's Landscaping Unadjusted Trial Balance December 31, 2013 Debit Credit Cash 1 500 Accounts Receivable 500 Supplies 700 Prepaid Insurance 1 200 Prepaid Rent 2 000 Furniture and Equipment 24 000 Buildings 50 000 Accounts Payable 1 000 Unearned Revenue 9 000 Mortgage Payable 40 000 Owner Equity 18 400 Owner Withdrawals 6000 Revenue 27 000 Salary Expense 6 000 Utility Expense 3 000 Repair Expense 500 Total 95 400 95 400 Other Data: covers 1 year. 1. On the last day of the year the company provided $2,000 worth of landscaping services to one of their clients, this revenue has not yet been billed. 2. A count of the supplies showed that there was $150 on hand. 3. The prepaid insurance was purchased on October 1, 2013 and 4. The rent is $500 per month and paid in advance 5. Furniture and equipment is amortized at $2,400 per year. 6. Building is amortized at $1,800 per year. 7. $3,000 of the unearned revenue was earned during December The remaining $6,000 is expected to be earned during January. 8. The mortgage payable is due on October 1, next year and has an interest rate of 8% per annum payable on the mortgage due 9. The 1 employee earns $100 per day and is paid on the Friday date. no for the current week. December 31, 2013 falls on a Wednesday. 10. It is estimated that the phone cost are $200 per month, the company has not received a phone bill to date. 000

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