ac2760_wk04_Wizard Services Co_Financial statements

Account Title

Adjusted Trial Balance

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

2,03,400

2,03,400

AC2760

Week 4 Assignment

Wizard Services Co. offers security services to business clients.

To Do:

1.

Complete the following end of period spreadsheet (work sheet) for Wizard Services Co.

Please use the drop-down list (right of the cell) to enter the account description box on the worksheet.

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.