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The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 2018, the end of the fiscal

The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 2018, the end of the fiscal year, the accountant for The Gorman Group prepared an end-of-period spreadsheet, part of which follows:

he Gorman Group End-ot-Period Spreadsheet For the Year Ended October 31, 2018 Adjusted Trial Balance Account Title Or. Cr. *1.000 Accounts Receivable 28,150 Supplies 6.360 Land 75,000 .Buiidings 250.000 Accumulated DepreciationBuildings 147.200 Equipment 240.006 AG Accumulated OeprecialionEcupment 151,700 48 Accounts Payatie 33.300 48 Salaries Payable 3,300 A) Uneamed Rent 1.500 Be, Common Stock 25,000 BY Retamed Earni: 19s 186,000 2 ONidends 20.000 Service Fees 46

The Gorman Group

End-et-Pertod Spreadsheet

For the Year Ended October 31, 2018

Cash :11000

Accounts Receivable:28150

Supplies :6360

Predad insurance : 9500

Land:75000

Buildings :250000

Accumulated Depreciation- Buildings :117200

Equipment :240000

Accumulated Depreciation -Equipment 151700

Accounts Payable 33300

Salaries Payable 3300

Unnamed Rent 1500

Common Stock 25000

Related Earnings 195000

Dividends 20000

Service Fees 468000

Rent Revenue 5000

Salaries Expense Depreciation Expense- Equipment 17500

Rent Expense 15500

Supplies Expense 9000

Utilities Expense 8500

Depreciation Expense--Buildings 6600

Repairs Expense 3450

Insurance Expense 3000

Miscellaneous Expense 5450

Prepare an income statement, a retained earnings statement, and a balance sheet.

Retained earnings doctor 31 : 288,000$

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