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Port Realty
End-of-Period Spreadsheet
For the Year Ended May 31, 2019
	Unadjusted						Adjusted
	Trial Balance			Adjustments			Trial Balance
Account Title	Dr.	Cr.		Dr.		Cr.	Dr.	Cr.
Cash	3,030						3,030
Accounts Receivable	6,600		(e)	1,400			8,000
Notes Receivable	5,400						5,400
Supplies	1,270				(a)	890	380
Prepaid Insurance	620				(b)	315	305
Office Equipment	57,850						57,850
Accum. Depreciation		9,300			(c)	4,550		13,850
Accounts Payable		925						925
Unearned Fees		1,250	(f)	500				750
Wages Payable					(d)	440		440
T. Roderick, Capital		40,600						40,600
T. Roderick, Drawing	4,500						4,500
Fees Earned		58,425			(e)	1,400		60,325
					(f)	500
Wages Expense	22,415		(d)	440			22,855
Depreciation Expense			(c)	4,550			4,550
Rent Expense	4,200						4,200
Utilities Expense	2,715						2,715
Supplies Expense			(a)	890			890
Maintenance Expense	395						395
Insurance Expense			(b)	315			315
Miscellaneous Expense	1,505						1,505
	110,500	110,500		8,095		8,095	116,890	116,890

Port Realty
Balance Sheet
May 31, 2019
Assets
Current assets:
Property, plant, and equipment
Total assets
Liabilities
Total liabilities
Owner's Equity
Total liabilities and owner's equity
		Journal						Page
		Date		Description			Post. Ref.	Debit	Credit
				Closing Entries
		2019
		May	31
			31

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