Rocket Real Estate Appraisal

Adjusted Trial Balance

June 30, 2023

Balance

Account Title

Debit

Credit

Cash

$5,000

Accounts receivable

5,500

Office supplies

1,600

Prepaid insurance

1,700

Land

12,800

Building

71,000

Accumulated amortizationbuilding

$25,200

Accounts payable

18,700

Interest payable

8,000

Salaries payable

2,100

Unearned revenue

1,000

Note payable (long-term)

37,000

N. Rocket, capital

38,000

N. Rocket, withdrawals

25,800

Service revenue

48,100

Insurance expense

4,100

Salaries expense

32,000

Supplies expense

600

Interest expense

8,000

Utilities expense

2,900

Amortization expensebuilding

7,100

Total

$178,100

$178,100.

Start by closing revenues.

close the expenses for the period.

Close Income Summary.

Close withdrawals.