Question

Ivanhoe Management Services began business on January 1, 2020, with a capital investment of $110,700. The company manages condominiums for owners Service Revenue) and rents space in its own office building (Rent Revenuel. The trial balance and adjusted trial balance columns of the worksheet at the end of the first year are as follows. Ivanhoe Management Services Worksheet For the Year Ended December 31, 2020 Trial Balance Cr. Dr. 13.800 28.100 3,684 65.900 129.900 58300 Cash Accounts Receivable Prepaid insurance Land Buildings Equipment Accounts Payable Uneamed Rent Revenue Morte Payable Owner's Capital Owner's Drawing Service Revenue Rent Revenue Adjusted Trial Balance Dr. Cr. 13.800 28.100 2456 65,900 129.900 58,800 12.100 1.200 110.700 154,184 21700 91300 3100 12,100 6.000 110,700 154184 21.700 91.300 29.000 3 $ 4 5 6 8 9 0 del E R T Y U O P D H K x с V B < N M LP alt command option

Answer 1

Income Statement Dr Cr $ $ $ $ $ $ Ivanhoe Management Services Worksheet For the Year Ended December.31,2020 Trail Balance Adjustments Adjusted Trail Balance Dr Cr Dr Cr Dr Cr $ 13,800 $ 13,800 $ 28.100 $ 28,100 $ 3,684 $ 1,228$ 2,456 $ 65,900 $ 65,900 $ 129,900 $ 129,900 $ 58.800 $ 58.800 $ 12.100 12.100 $ 6,000 $ 4.800 $ 1.200 $ 110,700 $ 110,700 $ 154,184 $ 154,184 $ 21,700 $ 21,700 $ 91,300 $ 91,300 $ 29,000 $ 4,800 $ 33.800 $ 41,800 $ 41,800 $ 20,600 $ 20,600 $ 19,000 $ 19,000 $ 403,284$ 403,284 $ 1.228 $ 1.228 $ 6,800 $ 6,800 $ 3,100 $ 3,100 $ 3,700 $ 3,700 $ 10,500 $ 10,500 $ 10,500 $ 10,500 $ 23,328 $ 23,328 $ 420,584 $ 420,584 Balance Sheet Dr Cr 13,800 28.100 2,456 65,900 129,900 58.800 12,100 $ 1,200 $ 110,700 $ 154.184 21,700 Account Titles Cash Accounts receivables Prepaid Insurance Land Buildings Equipment Accounts payable Unearned Rent Revenue Mortagage Payable Owners' capital Owners' drawings Service Revenue Rent revenue Salaries and Wages expense Advertising expense Utilities Expense Totals Insurance Expense Depreciation Expense Accumulated Depreciation - Buildings Accumulated depreciation - Equipment Interest Expense Interest Payable Totals Net Income Totals $ $ $ 91,300 33,800 $ $ $ 41,800 20,600 19,000 $ $ 1.228 6.800 $ $ 3.100 3,700 $ 10,500 ميامي $ 125,100 $ $ 320,656 $ $ 320,656 $ 99,928 $ 25,172 125,100 $ 10,500 295,484 25,172 320,656 $ $ 125,100 $