As the bookkeeper of Phil?s Plowing, you have been asked to complete the entire accounting cycle for Phil from the following information.

Use the following chart of accounts.

1. Snow supplies on hand, $300.

2. Rent expired, $400.

3. Depreciation on office equipment, $180:

( $ 10 , 800 / 5 yr . = $ 2 , 160 / 12 mo . = $ 180 ) .

4. Depreciation on snow equipment, $100:

( $ 6 , 000 / 5 yr . = $ 1 , 200 / 12 mo . = $ 100 ) .

5. Accrued salaries, $270.

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Chart of Accounts Assets Owner's Equity 311 P. Mack, Capital 312 P. Mack, Withdrawals 111 Cash 112 Accounts Receivable 114 Prepaid Rent 313 Income Summary 115 Snow Supplies Revenue 121 Office Equipment 411 Plowing Fees 122 Accumulated Depreciation, Office Equipment Expenses 123 Snow Equipment 511 Salaries Expense 124 Accumulated Depreciation, Snow Equipment 512 Advertising Expense Liabilities 513 Telephone Expense 211 Accounts Payable 514 Rent Expense 212 Salaries Payable 515 Snow Supplies Expense 516 Depreciation Expense, Office Equipment 517 Depreciation Expense, Snow Equipment