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The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 2019, the end of the fiscal

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The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 2019, the end of the fiscal year, the accountant for The Gorman Group prepared an end-of-period spreadsheet, part of which follows: The Gorman Group End-of-Period Spreadsheet For the Year Ended October 31,2019 Adjusted Trial Balance Dr. 6 Account Title 8 Cash 11,000 Accounts Receivable 10 Supplies 11 Prepaid Insurance 12 Land 28,150 6,350 9,500 5,000 250,000 3 Buildings 14 Accumulated Depreciation-Buildings 15 Equipment 6Accumulated Depreciation-Equipment 17 Accounts Payable 18 Salaries Payable 19 Unearned Rent 20 Nicole Gorman, Capital 21 Nicole Gorman, Drawing 22 Service Fees 23 Rent Revenue 24 Salaries Expense 25 Depreciation Expense-Equipment 26 Rent Expense 27 Supplies Expense 28 Utilities Expense 29 Depreciation Expense-Buildings 0 Repairs Expense 31 Insurance Expense 32 Miscellaneous Expense 151,700 33,300 3,300 1,500 220,000 20,000 468,000 5,000 291,000 17,500 9,000 8,500 6,600 3,450 3,000 5,450 1,000,000 1000 000 Continuad

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