Press podong the 0000 1 The following is patient anary 31, 2001, the com'celed ELBOW CYCLE REPAIR SHOP 6 Trial Bar January 31, 2011 Det Cro . Cast 5 2.300 10 Accounts receivable 6630 1 Prepaid insurance 1,420 Suppliers 240 1 Land Build 190,000 Accuerdiation- bling 5 11.000 Equipment 27000 Accumulated detection 00 Accounts payable Linearned revence 21.950 Morte payable 12 000 Dude, capital 61.000 H. Oude, drawings 101,100 Service revenue 235550 Salates onde 115,200 Utilities expense 12.000 interest expense 5,610 5 522.400 5240 Hotlu Jourmet and pol atingentes 4 7 Pre tina statement Prepare ad . Jound when dditional information 1. The 12-month instance policy was purchased on June 1, 2020 2. A physical count of supplies shows $1.110 on hand on January 31, 2021 3. The building has an estimated useful life of 50 years. The equament has an estimate of years SUMMARY 64.12 P4.4AP410A 14.12 Mostly budy additional information: 1. The 12-month insurance policy was purchased on June 1, 2020. 2. A physical count of supplies shows $1,310 on hand on January 31, 2021. 3. The building has an estimated useful life of 50 years. The equipment has an estimated useful life of 9 years. 4. The mortgage payable has a 5% interest rate. Interest is paid on the first day of each month for the previous month's interest. 5. By January 31, 2021, $1,300 of services related to the unearned revenue have been provided. 6. During the next fiscal year, $4,500 of the mortgage payable is to be paid. nstructions Une main 12 16 Instructions 38 ) Pepee the tingent 39 50 Date Accountries and Explanation 1 Debit Credit LE Cash expand W peyi ime VE araiyells usaptal 16 12 0 Prepaid nurse em Danmar H. Dede 0 2 Aparati Supelis Service -54 1 5 Land Unanet San Un esperie Building Meryepyete INEMA SUMMARY 4341PAA 10A Moly 3 G - Buliding permanented trial balance Une and Addice Unadjusted Det Credit Add Credit The three Onda SUMMARY EL F412 P4.4A PO PARA pare an income Matement, satement of owner's equity, and closed balance sheet The owner, Henry Dude nuested 5.000 cash in the bone 17.000 beses Revenue Expenses $ $ ALI 5432 P4.4A SUMMARY PA10A 12A Mostly due Type here to search M N 5 1) Prepare the closing entries Date Account Titles and Explanation Debit Credit +