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Financial Statements and Closing Entries The Gorman Group is a financial planning services firm...

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Accounting

Financial Statements and Closing Entries
The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31,20Y9, the end of the fiscal year, the accountant for The Gorman Group prepared an end-of-period spreadsheet, part of which follows:
The Gorman Group
End-of-Period Spreadsheet
For the Year Ended October 31,20 Y 9
\table[[Unearned Rent,,1,900],[Common Stock,,190,000],[Retained Earnings,,353,680],[Dividends,31,800,],[Service Fees,,604,520],[Rent Revenue,,6,380],[Salaries Expense,433,380,],[Depreciation Expense-Equipment,23,500,],[Rent Expense,19,700,],[Supplies Expene,13,940,],[Utilities Expense,12,600,],[Depreciation Expense-Buildings,8,400,],[Repairs Expense,6,940,],[Insurance Expense,3,810,],[Miscellaneous Expense,6,500,],[1,546,570,1,546,570
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