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Credit Kamla Lawn Service Unadjusted Trial Balance June 30, 2013 Debit Cash $170,850 Notes Receivable 25,500 Accounts Receivable 23,150 Merchandise Inventory, 6/30/12 46,540 Prepaid Insurance 4,115 Prepaid Storage Rent 8,307 Lawn Supplies 2,992 Land 25,200 Lawn Equipment 79,100 Accumulated Depreciation, Lawn Equipment Accounts Payable 1 Unearned Mower Rental Revenue Notes Payable (due 2020) Kamla Jay, Capital Kamla Jay, Withdrawals 5,525 Sales Revenue Sales Returns & Allowances 2,488 Sales Discounts 795 Purchases 34,920 Purchases Returns & Allowances Purchases Discounts Freight-In 2,153 Storage Rent Expense 18,055 Sales Salaries Expense 18,153 Office Salaries Expense 13,536 Utilities Expense 1,590 Advertising Expense 3,138 Interest Expense 1,376 Interest Income $15,820 20,085 16,170 55,500 282,326 89,065 2,421 484 2,593 Interest Expense Interest Income Mower Rental Revenue Totals 1,376 2,593 3,019 $487,483 $487,483 The company uses the periodic Inventory system. In addition, the following year-end information was available to the accountant: a) Merchandise inventory taken on 6/30/13 was $44,548. b) Depreciation on lawn equipment was $3,955. c) Unpaid accrued office salaries were $817. d) Expired storage rent amounted to $3,677. e) Lawn supplies used was $620. 1) Accrued sales revenue on 6/30/13 was $2,835. g) Prepaid insurance on hand amounted to $1,255. h) Interest on the company's notes payable at year-end amounted to $303. 1) Unearned mower rental revenue still unearned at year-end amounted to $14,535. Kamla Lawn Service Statement of Owner's Equity For the Year Ended June 30, 2013 Kamla Jay, Capital, June 30, 2012 282326 Add Net Income / (Loss) 8376 Kamla Jay, Drawings 5525 13901 Kamla Jay, Capital, June 30, 2013 268425 Prepare a classified balance sheet for Kamla Lawn Service as of June 30, 2013. (List current assets in ore Equipment.) Kamla Lawn Sercice Balance Sheet June 30, 2013 Assets Liabilities and Owner's Equity

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