Question
The Gorman Group End-of-Period Spreadsheet For the Year Ended October 31, 20Y3 Adjusted Trial BalanceAccount TitleDr.Cr. Cash16,260Accounts Receivable35,390Supplies5,530Prepaid Insurance11,940Land126,000Buildings452,000Accumulated Depreciation-Buildings147,300Equipment327,000Accumulated Depreciation-Equipment191,900Accounts Payable41,860Salaries Payable4,150Unearned Rent1,880Nicole Gorman,
The Gorman Group
End-of-Period Spreadsheet
For the Year Ended October 31, 20Y3
Adjusted Trial BalanceAccount TitleDr.Cr.Cash16,260Accounts Receivable35,390Supplies5,530Prepaid Insurance11,940Land126,000Buildings452,000Accumulated Depreciation-Buildings147,300Equipment327,000Accumulated Depreciation-Equipment191,900Accounts Payable41,860Salaries Payable4,150Unearned Rent1,880Nicole Gorman, Capital537,380Nicole Gorman, Drawing31,400Service Fees596,960Rent Revenue6,300Salaries Expense427,970Depreciation ExpenseEquipment23,200Rent Expense19,500Supplies Expense13,770Utilities Expense12,440Depreciation ExpenseBuildings8,300Repairs Expense6,860Insurance Expense3,760Miscellaneous Expense6,4101,527,7301,527,730
Required:
Gorman Group
Statement of Owner's Equity
For the Year Ended October 31, 20Y3Nicole Gorman, capital, November 1, 20Y2
$Net income for the year
$Withdrawals
Increase in owner's equity
Nicole Gorman, capital, October 31, 20Y3
$
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