Question

Estrada Real Estate Appraisal

Adjusted Trial Balance

June 30, 2018

Balance

Account Title

Debit Credit

Cash $4,400

Accounts Receivable 4,500

Office Supplies 2,700

Prepaid Insurance 1,900

Land 13,200

Building 77,000

Accumulated Depreciation—Building $25,500

Accounts Payable 19,400

Interest Payable 8,000

Salaries Payable 2,200

Unearned Revenue 7,100

Notes Payable (long-term) 37,000

Estrada, Capital 40,000

Estrada, Withdrawals 27,500

Service Revenue 48,300

Insurance Expense 5,000

Salaries Expense 32,900

Supplies Expense 900

Interest Expense 8,000

Utilities Expense 1,800

Depreciation Expense—Building 7,700

Total $187,500 $187,500

QUESTION 5.) Prepare the​ company's statement of​ owner's equity for the year ended June 30, 2018.

Assume that there were no contributions made by the owner during the year. ​(Use a minus sign or parentheses to show a net loss. Exclude any​ zero-balance events for the period from the statement of owner's equity.)

Estrada Real Estate Appraisal

Statement of Owner's Equity

Year Ended June 30, 2018

Estrada, Capital, July 1, 2017
	__________________
Estrada, Capital, June 30, 2018	__________________