The Gorman Group End-of-Period Spreadsheet For the Year Ended October 31, 2019 Adjusted Trial Balance Account Title Dr. Cr. Cash 13,020 Accounts Receivable 28,350 Supplies 4,430 Prepaid Insurance 9,570 Land 101,000 Buildings 362,000 Accumulated Depreciation-Buildings 118,000 Equipment 262,000 Accumulated Depreciation-Equipment 153,700 Accounts Payable 33,540 Salaries Payable 3,320 Unearned Rent 1,510 Nicole Gorman, Capital 430,560 Nicole Gorman, Drawing 25,200 Service Fees 478,220 Rent Revenue 5,050 Salaries Expense 342,840 Depreciation Expense-Equipment 18,600 Rent Expense 15,600 Supplies Expense 11,030 Utilities Expense 9,970 Depreciation Expense-Buildings 6,650 Repairs Expense 5,490 Insurance Expense 3,010 Miscellaneous Expense 5,140 1,223,900 1,223,900

The Gorman Group End-of-Period Spreadsheet For the Year Ended October 31, 2019 Adjusted Trial Balance Account Title Dr. Cr. Cash 13,020 Accounts Receivable 28,350 Supplies 4,430 Prepaid Insurance 9,570 Land 101,000 Buildings 362,000 Accumulated Depreciation-Buildings 118,000 Equipment 262,000 Accumulated Depreciation-Equipment 153,700 Accounts Payable 33,540 Salaries Payable 3,320 Unearned Rent 1,510 Nicole Gorman, Capital 430,560 Nicole Gorman, Drawing 25,200 Service Fees 478,220 Rent Revenue 5,050 Salaries Expense 342,840 Depreciation Expense-Equipment 18,600 Rent Expense 15,600 Supplies Expense 11,030 Utilities Expense 9,970 Depreciation Expense-Buildings 6,650 Repairs Expense 5,490 Insurance Expense 3,010 Miscellaneous Expense 5,140 1,223,900 1,223,900

Name: Prepare a statement of owner's equity. So I know that increase in owne
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Description: Prepare a statement of owner's equity. So I know that increase in owners equity is assets minus liabilities but I don't think im getting the right answer. I keep getting like 352,000 The Gorman GroupEnd-of-Period SpreadsheetFor the Year Ended October

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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if during the yr total assets increase by 77,000 and total liabilities decrease by 17,000 by how much did owners equity increase ir decrease?
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