I am in Accounting and I have a question on a homework problem that wasn't covered in



ALLIED CONSULTANTS
Adjust Trial Balance
December 31, 2005

Assets
Cash……………………………………………. $ 100,000
Accounts receivable…………………………… 7,000
Prepaid insurance……………………………… 15,000
Office supplies………………………………… 9,000
Rent expense………………………………….. 5,000
Insurance expense…………………………….. 5,200
Salaries expenses……………………………… 90,000
Service fees earned……………………………. 370,800

Land………………………………………….. $ 700.000
Building……………………………………… $ 350,000
Less: Accumulated amortization building 42000…………….

Office equipment……………………………. $ 3,300
Less: Accumulated amortization equpment 3200
:
Account payable……………………………………$ 5800
salaries payable 14500
Long term note payable 53000
Interest payable 2500
Margarita Acosta, Capital 1.010.000
Margarita Acosta, withdrawals 370800

I have to prepare Income statement, statement of owner's equity and a classifield Balance sheet. A $ 7000 installment on the long term note payble is due within one year