Prepare a WorkSheet

$*$P$3\mathrm{.}6$A $($LO $2,3,4,5)$ Financial Statement Gabriel's Graphics Company was organized on

January $1,2020,$ by Gabriel Medinia. At the end of the first $6$ months of operations, the trial balance

contained the following accounts.

Notes Payable

Accounts Payable

Owner's Capital

Sales Revenue

Service Revenue

Analysis reveals the following additional data.

Analysis reveals the following additional data.

The $$3,700$ balance in Supplies Expense represents supplies purchased in January. At June $30,$

$$1,300$ of supplies are on hand.

The note payable was issued on February $1.$ It is a $6\%,6-$month note.

The balance in Insurance Expense is the premium on a one$-$year policy, dated April $1,2020.$

Service revenues are credited to revenue when received. At June $30,$ services revenue of $$1,300$ are

unearned.

Revenue for services performed but unrecorded at June $30$ totals $$2,000.$

Depreciation is $$2,250$ per year.