Problem 4-4A (Algo) Preparing financial statements and closing entries LO C1, P2 7 The adjusted trial balance for Tybalt Construction on December 31 of the current year follows 3.58 points Number 101 126 128 167 168 173 174 123 201 203 208 210 213 236 251 301 302 404 406 409 606 612 623 633 637 640 652 683 TYBALT CONSTRUCTION Adjusted Trial Balance December 31 Account Title Cash Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Building Accumulated depreciation-Building Land Accounts payable Interest payable Rent payable Wages payable Property taxes payable Unearned revenue Long-term notes payable 0. Tybalt, Capital 0. Tybalt, Withdrawals Services revenue Rent revenue Interest revenue Depreciation expense-Building Depreciation expense-Equipment Wages expense Interest expense Insurance expense Rent expense Supplies expense Property taxes expense Totals Debit Credit $ 6,000 34,000 8,900 50,000 $ 25,000 156.000 52,000 71,460 17,000 2,200 3,200 2,700 1.400 15,900 58,500 128,600 11,300 104,000 18,000 5.000 11,440 7.500 44.800 3.700 8.900 10,200 51300 4,000 $ 433,500 $433,500 Oro Tybalt invested $6,000 cash in the business during the year. The O. Tybalt, Capital account balance was $122,600 on December 31 of the prior year.