ELIAS REAL ESTATE APPRAISAL Income Statement Year Ended June 30, 2014 Revenues: ELIAS REAL ESTATE APPRAISAL Statement of Owner’s Equity Year Ended June 30, 2014 Elias, Capital, July 1, XXXXXXXXXXOwner...

Requirement 6 Requirement 5 Requirement 4 Requirement 3 Requirement 2 Requirement 1 ELIAS REAL ESTATE APPRAISAL Income Statement Year Ended June 30, 2014 Revenues: Service Revenue Expenses: Salaries Expense Interest Expense Depreciation Expense—Building Insurance Expense Utilities Expense Supplies Expense Total Expenses Net Loss Statement of Owner’s Equity Elias, Capital, July 1, 2013 Owner contribution Net loss for the year Owner withdrawal Elias, Capital, June 30, 2014 Balance Sheet Assets Current Assets: Cash Accounts Receivable Office Supplies Prepaid Insurance Total Current Assets Plant Assets: Building Less: Accumulated Depreciation—Building Land Total Plant Assets Total Assets Liabilities Current Liabilities: Accounts Payable Interest Payable Salaries Payable Unearned Revenue Total Current Liabilities Long-term Liabilities: Notes Payable Total Liabilities Owner’s Equity Elias, Capital Total Liabilities and Owner’s Equity Date Accounts and Explanation Debit Credit Jun. 30 Service Revenue Income Summary Elias, Withdrawals Cash Bal. Clos. Accounts Receivable Bal. Office Supplies Prepaid Insurance Insurance Expense Building Salaries Expense Accumulated Depreciation—Building Supplies Expense Land Interest Expense 13,600  Accounts Payable Utilities Expense Interest Payable Depreciation Expense—Building Salaries Payable Unearned Revenue Notes Payable Elias, Capital Post-Closing Trial Balance Account Title Balance Accumulated Depreciation—Building Accounts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Total Insurance Expense Salaries Expense Supplies Expense Interest Expense Utilities Expense Depreciation Expense—Building Available...