AC2760 Financial Accounting: Week 4 P4-4A Wizard Services Co. offers security services

AC2760 Financial Accounting
Week 4 Assignment

P4-4A
Wizard Services Co. offers security services to business clients.
Adjusted Trial Balance
Account Title Dr Cr
Cash 26,750
Accounts Receivable 11,900
Supplies 3,900
Prepaid Insurance 3,700
Land 50,000
Building 57,500
Accum. Depr. - Building 24,800
Equipment 32,000
Accum. Depr. - Equip. 11,100
Accounts Payable 3,350
Wages Payable 100
Unearned Rent 700
Capital Stock 30,000
Retained Earnings 95,350
Dividends 2,000
Service Revenue 36,000
Rent Revenue 2,000
Wages Expense 5,100
Rent Expense 2,500
Utilities Expense 1,650
Supplies Expense 1,500
Depreciation Expense - Building 1,400
Insurance Expense 1,100
Depreciation Expense - Equipment 900
Miscellaneous Expense 1,500
Totals 203,400 203,400

Instructions:
1. Complete the following end of period spreadsheet (work sheet) for Wizard Services Co.
2. Prepare the following:
a. an income statement for July
b. a retained earnings statement for July
c. a balance sheet as of July 31.
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