Perfect Advertising Services

Adjusted Trial Balance

December 31, 2018

Balance

Account Title

Debit

Credit

Cash

$14,400

Accounts Receivable

14,500

Office Supplies

5,900

Land

18,700

Building

49,800

Accumulated DepreciationBuilding

$36,900

Furniture

20,100

Accumulated DepreciationFurniture

13,700

Accounts Payable

10,300

Salaries Payable

7,100

Unearned Revenue

15,500

Corby, Capital

73,800

Corby, Withdrawals

20,500

Service Revenue

38,500

Salaries Expense

26,500

Supplies Expense

9,700

Depreciation ExpenseBuilding

3,100

Depreciation ExpenseFurniture

1,100

Advertising Expense

11,500

Total

$195,800

$195,800

Requirement 2. Prepare the statement of owner's equity for the year ending

DecemberDecember

3131,

20182018.

Assume that there were no contributions made by the owner during the year. (Use a minus sign or parentheses to show a net loss. Exclude anyzero-balance events for the period from the statement of owner's equity.)

	Perfect Advertising Services
	Statement of Owner's Equity
	Year Ended December 31, 2018
Corby, Capital, January 1, 2018
Corby, Capital, December 31, 2018