In: Accounting
Chapter 4 End-of-Chapter (EOC) Quiz The partial work sheet for Camelback Consulting at June 30, 20xx, is as follows. Adjusted Trial Balance Debit Credit Cash 131,000 Accounts Receivable 119,000 Supplies 1,000 Prepaid Rent 18,000 Land 45,000 Building 425,000 Accum Depreciation, Bld 167,000 Accounts Payable 159,000 Salaries Payable 1,000 Unearned Service Revenue 10,000 Long-Term Note Payable 125,000 Owner Capital 102,000 Owner Withdrawals 7,000 Services Revenue 495,000 Salaries Expense 256,000 Supplies Expense 3,000 Rent Expense 34,000 Depreciation Expense, Bld 12,000 Miscellaneous Expense 8,000 _________ Totals 1,059,000 1,059,000 Using good form and proper format, prepare the following financial statements: Income Statement Statement of Owner’s Equity balance sheet Using good form and proper format, prepare Post Closing Trial Balance. Show your work on how temporary accounts were closed.