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Robert Evans owns a business, Beachside Realty, that rents condominiums and furnishings. The adjusted trial balance at December 31 is as follows: Account No. Debit
Robert Evans owns a business, Beachside Realty, that rents condominiums and furnishings. The adjusted trial balance at December 31 is as follows: Account No. Debit Balances Credit Balances 11 1,500 2,000 12 13 100 16 1,600 2,800 15,000 18 19 3,000 2,400 21 22 23 Cash Accounts Receivable Interest Recevable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Accrued Expenses Payable Income Taxes Payable Unearned Rent Fees Robert Evans, Capital Robert Evans, Drawing Rent Fees Earned Furniture Rental Revenue Interest Revenue Wages Expense Depreciation Expense Utilities Expense Insurance Expense Maintenance Expense Income Tax Expense 3,920 2,700 500 7,700 24 31 32 2.000 41 37,000 1,200 42 100 43 51 19,000 1,800 52 53 320 54 700 55 56 9,000 2,700 58,520 58,520 TOM 58.520 450 Source the entry led to do the revenue and expense accounts at the end of the period. If an amount box does not require antaveit blank De 13
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