Question
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
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.)
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| Perfect Advertising Services |
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| Statement of Owner's Equity |
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| Year Ended December 31, 2018 |
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| Corby, Capital, January 1, 2018 |
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| Corby, Capital, December 31, 2018 |
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
