P 4-4 A Vang Management Services

Worksheet
For the Year Ended December 31, 2017
Unadj Trial Balance Adjustment Adjusted Trial Bal Income Statement Balance Sheet
Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr
Cash $13,800 $13,800
Accounts Receivable $28,300 $28,300
Prepaid Insurance $3,600 $2,400
Land $67,000 $67,000
Buildings $127,000 $127,000
Equipment $59,000 $59,000
Accounts Payable $12,500 $12,500
Unearned RentRevenue $6,000 $1,500
Mortgage Payable $120,000 $120,000
Owner's Capital $144,000 $144,000
Owner's Drawings $22,000 $22,000
Service Revenue $90,700 $90,700
Rent Revenue $29,000 $33,500
Salaries and Wages Expense $42,000 $42,000
Advertising Expense $20,500 $20,500
Utilities Expense $19,000 $19,000
$402,200 $402,200
Insurance Expense $1,200
Depreciation Expense $6,600
Accumulated Deprecia -
tion - Buildings $3,000
Accumulated Deprecia -
tion - Equipment $3,600
Interest Expense $10,000
Interest Payable $10,000
$418,800 $418,800