The balances in the ledger of Good Landscape Services as of January 31 before adjustments are as follows:

Cash	$ 6,750		Dalton Good, Capital		$29,775
Supplies	3,900		Dalton Good, Drawing		3,425
Prepaid Insurance	8,400		Service Revenue		56,300
Equipment	41,750		Salary Expense		24,300
Accumulated Depreciation	9,950		Rent Expense		6,000
			Miscellaneous Expense		1,500

Adjustment data are as follows: supplies on hand, January 31, $900; insurance expired for January, $1,100; depreciation on equipment for January, $1,600; salaries accrued, January 31, $1,650.

a. Prepare a 10-column end-of-period spreadsheet for Good Landscape Services for January. If an amount box does not require an entry, leave it blank.

Good Landscape Services

End-of-Period Spreadsheet

For the Month Ended January 31

Unadjusted Trial Balance

Adjustments

Adjusted Trial Balance

Income Statement

Balance Sheet

Account Title

Dr.

Cr.

Dr.

Cr.

Dr.

Cr.

Dr.

Cr.

Dr.

Cr.

Cash

Supplies

Prepaid Insurance

Equipment

Accumulated Depreciation

Dalton Good, Capital

Dalton Good, Drawing

Service Revenue

Salary Expense

Rent Expense

Miscellaneous Expense

Supplies Expense

Insurance Expense

Depreciation Expense

Salaries Payable

Net Income

b. On the basis of the work sheet in (a), present the following in good order: (1) income statement, (2) statement of owner's equity (assume no additional owner investments were made during the month), and (3) balance sheet.

Good Landscape Services
Income Statement
For the Month Ended January 31
Service revenue		$
Expenses:
Salary expense	$
Rent expense
Depreciation expense
Supplies expense
Insurance expense
Miscellaneous expense
Total expenses
Net income		$

Good Landscape Services
Statement of Owner's Equity
For the Month Ended January 31
Dalton Good, capital, January 31		$
Dalton Good, capital, January 31	$
Dalton Good, capital, January 31
Increase in owner's equity
Withdrawals		$

Good Landscape Services
Balance Sheet
January 31
Assets
Current assets:
Cash	$
Supplies
Prepaid insurance
Total current assets		$
Property, plant, and equipment:
Equipment	$
Less accumulated depreciation
Total property, plant, and equipment
Total assets		$
Liabilities
Current liabilities:
Salaries payable		$
Owner's Equity
Dalton Good, capital
Total liabilities and owner's equity		$

c. On the basis of the work sheet in (a) journalize the closing entries as of January 31. If an amount box does not require an entry, leave it blank.

Jan. 31	Unearned Revenues
	Salary Expense
	Rent Expense
	Supplies Expense
	Depreciation Expense
	Insurance Expense
	Miscellaneous Expense
	Miscellaneous Expense
Jan. 31	Depreciation Expense
	Salary Expense