Accounting 26e

Problems : Series B - PR 4-2B

al 3 (0) 1 147 30,000 8,750 4,550 3,000 e) 4 PR 4-2B Financial statements and closing entries 1. Nicole Gorman, The apital, October 31: 13,000 The Gorman Group is a financial planning services firm owned and ope ratr-The Gorman Gorman. As of October 31, 2016, the OBJ. 2,3 Group prepared an end-of-period spreadsheet, part of end of the fiscal year, the accountant for The Gorman which follows: The Gorman Group For the Year Ended October 31, 2016 Trial Balance Account Title Cr. 28.150 6,350 9,500 5,000 1 17.200 240,000 151,700 33.300 3,300 1,500 220,000 Accounts Payable 19Uneaned Rent 21 3 Rent Revenue Nicole Gorman, Capital Nicole Gorman, Drawing Service Fees 468,000 5,000 291,000 17.500 15,500 9.000 Salaries Expense 26 Rent Expense Supplies Expense Depreciation Expense-Buildiegs 28 Ubties Expense 6 600 ,450 3,000 Continued)