ac2760_wk04_Wizard Services Co_Financial statements

August 14th, 2017

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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.

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