P4-2B The following is Campus Cycle Shop's trial balance at January 31, 2008, the company's Prepare adjusting entries, fiscal year end: CAMPUS CYCLE SHOP Trial Balance January 31, 2008 adjusted trial balance, financial statements, and closing entries. (SO 1, 4) AP Other data: Debit Credit Cash Accounts receivable $ 8,200 1,630 Prepaid insurance 4,020 Supplies 5,240 Land 50,000. Building 90,000 Accumulated amortization-building $ 11,000 Equipment 27,000 Accumulated amortization-equipment 4,500 Accounts payable 4,000 Unearned revenue 1,950 Mortgage payable 102,000 K. Dude, capital K. Dude, drawings Service revenue Salaries expense 66,000 101,100 231,065 115,200 12,000 Utilities expense Interest expense 6,125 $420.515 $420,515 1. Service revenue earned but not recorded at January 31, 2008, was $1,550. 2. The 12-month insurance policy was purchased on April 1, 2007. 3. A physical count of supplies shows $670 on hand on January 31, 2008.