Accounting 26e

Problems : Series A - 4-2B

500 () 3,000 Fees Eamed 30000 18,750 Travel Espense 30,000 ,750 ie) 4,550 d) 3,000 Supplies Expense 913.200 PR 4-2B Financial statements and closing entries The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 2016, the end of the fiscal year, the accountant for The Gorman Group prepared an end of-period spreadsheet, part of which follows OB. 2,3 V1. Nicole Gorman,The $313,000 The Gorman Group For the Year Ended October 31, 2016 Adjusted Trial Balance Account Title Dr. Cr. Cash Accourts Recevable 28,150 Prepald 11 Prepaid Insurancae 9.500 250,000 240,000151,700 Buildings 33.300 300 1 500 nearned Rent Nicole Gorman, Capital Nicole Gorman, Drawing Service Fees 2 Reat Revenu Salaries Expense 1,000 17 500 26 Rent Expense Supplies Expense Usitlies Expense 9,000 8,500 6,600 3,450 311 Insurance Expense Niscellianeous Expence (Continued)