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Problem 4-4A (Part Level Submission) armuz Management Services began business on January 1, 2015, with a capital investment of $97,175. The company manages condominiums for

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Problem 4-4A (Part Level Submission) armuz Management Services began business on January 1, 2015, with a capital investment of $97,175. The company manages condominiums for owners (service revenue) and rents space in its own office building (rent revenue). The trial balance and adjusted trial balance columns of the worksheet at the end of 2015 are as follows JARMUZ MANAGEMENT SERVICES For the Year Ended December 31, 2015 Adjusted Trial 13,910 28,050 3,750 28,050 Accounts Receivable Prepaid Insurance 66,010 126,800 $8,820 126,800 58,820 Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Retained Earnings 12,770 5,910 111,400 97,175 54,605 12,770 111,400 97,175 4,605 22,120 Service Revenue Rent Revenue Salaries and Wages Expense 90,130 28,520 90,130 2,830 41,640 20,350 19,060 41,640 20,350 -19,060 Utilities Expense 400,510 400,510 Insurance Expense 3,010 3,490 Interest Expense Interest Payable 11,130 418,140 418,140 28,050 3,750 66,020 Accounts Receivable Prepaid Insurance Buildings 58,820 Accounts Payable 12,77 5,91 1,400 Morsgage Payable Retained Eamings 22,120 Service Revenue Rent Revenue Salaries and Wages Expnse Advertising Expese 90,130 43,640 20,350 ities Epense Depr. Expense Accum. Depr-Buidings Accum.Depr-Equipmen Isterest Expense Interest Payable Attempts: 0 oS used

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