Rocket Real Estate Appraisal Adjusted Trial Balance June 30, 2023 Balance...
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Accounting
Rocket Real Estate Appraisal
Adjusted Trial Balance
June 30, 2023
Balance
Account Title
Debit
Credit
Cash
$5,000
Accounts receivable
5,500
Office supplies
1,600
Prepaid insurance
1,700
Land
12,800
Building
71,000
Accumulated amortizationbuilding
$25,200
Accounts payable
18,700
Interest payable
8,000
Salaries payable
2,100
Unearned revenue
1,000
Note payable (long-term)
37,000
N. Rocket, capital
38,000
N. Rocket, withdrawals
25,800
Service revenue
48,100
Insurance expense
4,100
Salaries expense
32,000
Supplies expense
600
Interest expense
8,000
Utilities expense
2,900
Amortization expensebuilding
7,100
Total
$178,100
$178,100.
Start by closing revenues.
close the expenses for the period.
Close Income Summary.
Close withdrawals.
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