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Pronombant ces Pronghorn Management Services began business on January 1, 2021 with a capital investment of 383,058 The company manages condominiums for owners (service revenue
Pronombant ces Pronghorn Management Services began business on January 1, 2021 with a capital investment of 383,058 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 2022 are as follows For the Year Ended December 31, 2022 Trial Balance Adjusted Trial Balance Account Titles Dr. . De Cr. Cash 13.800 13.800 Accounts Receivable 28.400 28.400 Prepaid Insurance 3.858 2,572 Land 68, 69,900 Buildines 127 800 127.800 Equipment 59.500 59.500 Accounts Payable 12,400 12,800 Unearted Rent Reverse 6,200 1,700 131,300 131,300 83,056 92,056 54.300 54,300 22.100 22.100 90,100 90,100 32,000 28,500 Mortgage Payable Common Stock Lomon Retained Earnings Dividends Service Revenue severe Rent Revenue Sale Salaries and Wages Expense Advertising Expense Utilities Expense Totals losure Insurance Expense Depreciation Expense Aromated Accumulated Depreciation-Building 41,400 41,900 21.000 21.000 19.000 19.000 404,25! 406,258 1.286 0.900 2,100 Accumulated Depreciation Equipment 3,900 Interest Expense 10.500 10,500 Interest Payable Totals 423,658 422,658 Prepare a complete worksheet. Pronghorn Management Services Worksheet Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Tities Cr. Dr. . Dr. Cr. Dr Cr. Dr. Cr. Dr. 13,800 Cash 28.400 Accounts Receivable Prepaid Insurance 3,858 Land 68.900 Buildines 127.800 Equipment 59.500 12.800 Accounts Payable Unearned Rent Revenue 0.200 131,300 Mortgage Payable Common Stock 23.050 Retained Earnings 54,300 Dividends 22,100 Service Revenu 90,100 Rent Revenue 29,500 Salaries and Wages For 41,900 Advertising Expense 21,000 19.000 Totals 406.258 405,258 Insurance Expertse Depr. Experts Accum. Depr.-Buildings Acum. Depr.-Equipment Interest Expense Interest Payable Totals Net Income Totals
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