Spreadsheet: 39a5024e-ac49-499e-9de9-d45276c1a161
Sheet: Sheet1

Problem 4-1A | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Unnamed: 5 | Unnamed: 6 | Name: | Unnamed: 8 | Unnamed: 9 | Unnamed: 10 | Unnamed: 11 | Unnamed: 12 | Unnamed: 13 | Unnamed: 14 | Unnamed: 15 | Unnamed: 16 | Unnamed: 17 | Unnamed: 18 | Unnamed: 19 | Unnamed: 20 | Unnamed: 21 | Unnamed: 22 | Unnamed: 23 | Unnamed: 24 | Unnamed: 25 | Unnamed: 26
 |  |  |  |  |  |  | Section:
Enter the appropriate amount or item in the shaded cells.
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1. |  | PRISON WATCH COMPANY
 |  | Income Statement
 |  | For the Year Ended June 30, 2010
 |  |  | Revenues:
 |  |  | Expenses:
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Fees Revenue
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Depreciation Expense - Equipment
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Salaries and Wages Expense
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Advertising Expense
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Rent Revenue
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Travel Expense
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Depreciation Expense - Building
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Miscellaneous Expense
 |  |  | Total expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Utilities Expense
 |  |  | Net Loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Insurance Expense
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Supplies Expense
2. |  | PRISON WATCH COMPANY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Net loss for the year
 |  | Statement of Owner's Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Decrease in owners equity
 |  | For the Year Ended June 30, 2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | [NAME], Drawing
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Less withdrawals
 |  |  | [NAME], capital, July 1, 2009
 |  |  | [NAME], capital, June 30, 2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Cash
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Equipment
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Land
3. |  | PRISON WATCH COMPANY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Prepaid Insurance
 |  | Balance Sheet |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Accounts Receivable
 |  | June 30, 2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Accumulated Depreciation - Building
 |  |  | Assets |  |  |  |  |  |  |  |  |  |  | Liabilities |  |  |  |  |  |  |  |  |  |  |  | Accumulated Depreciation - Equipment
 |  |  | Current assets: |  |  |  |  |  |  |  |  |  |  | Current liabilities |  |  |  |  |  |  |  |  |  |  |  | Supplies
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Salaries and Wages Payable
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Building
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Unearned Rent
 |  |  |  |  |  |  |  |  |  |  |  |  |  | Total liabilities |  |  |  |  |  |  |  |  |  |  |  | [NAME], Capital
 |  |  | Total current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Accounts Payable
 |  |  | Property, plant, and equipment: |  |  |  |  |  |  |  |  |  |  | Owner's Equity
 |  |  |  |  |  |  |  |  |  |  |  |  |  | [NAME], Capital
 |  |  | Total property, plant, and equipment
 |  |  | Total assets |  |  |  |  |  |  |  |  |  |  | Total liabilities and owner's equity
4. | JOURNAL
 | Date |  |  |  |  |  |  |  | Debit |  |  | Credit
 | 2010 |  | Closing Entries
 | June | 30
 |  | 30
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | [NAME], Capital
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Depreciation Expense - Building
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Depreciation Expense - Equipment
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Supplies Expense
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Fees Revenue
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Income Summary
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Utilities Expense
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Insurance Expense
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Miscellaneous Expense
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | [NAME], Drawing
 |  | 30 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Rent Expense
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Rent Revenue
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Travel Expense
 |  | 30 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Salaries and Wages Expense
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Advertising Expense
5. |  | PRISON WATCH COMPANY
 |  | Post-Closing Trial Balance
 |  | June 30, 2010
 |  |  |  |  |  |  |  |  | Debit Balances |  |  | Credit Balances
 |  |  | Cash
 |  |  | Accounts Receivable
 |  |  | Prepaid Insurance
 |  |  | Supplies
 |  |  | Land
 |  |  | Building
 |  |  | Accumulated Depreciation - Building
 |  |  | Equipment
 |  |  | Accumulated Depreciation - Equipment
 |  |  | Accounts Payable
 |  |  | Salaries and Wages Payable
 |  |  | Unearned Rent
 |  |  | [NAME], Capital