Question

Dr Supplies Expense 1,280 ($2,000 – 720)

Cr Supplies 1,280

Dr Utilities Expense 180

Cr Utilities Payable 180

Dr Insurance Expense 240 ($2,880 / 12)

Cr Prepaid Insurance 240

Dr Unearned Service Revenue 4,100

Cr Service Revenue 4,100

Dr Salaries and Wages Expense 1,250

Cr Salaries and Wages Payable 1,250

Dr Depreciation Expense 250

Cr Accumulated Depreciation–Equipment 250

Dr Accounts Receivable 3,900

Cr Service Revenue 3,900

LUMAS CONSULTING

Trial Balance

June 30, 2014

Cash ……….. ……… …….. …..$ 6,850

Accounts Receivable ……. ……10,900

Prepaid Insurance ………. …….. 2,640

Supplies ……… ………. ……… …. 720

Office Equipment ……… ……….15,000

Accumulated Depreciation–Office

Equipment …….. ……. ………. ……. …….$250

Accounts Payable ……… ………. ………. 4,230

Utilities Payable ……… ……… ……… …….180

Salaries Payable ……… ……… ……… ….1,250

Unearned Service Revenue …….. ……….1,100

Common Stock ……. …….. ……… ……. 22,000

Service Revenue ……… ………. ………..16,300

Salaries Expense ………. ……… 5,250

Rent Expense ……… ………. …….2,000

Depreciation Expense ……… …….. 250

Insurance Expense …….. …….. …..240

Utilities Expense ……. …….. ………180

Supplies Expense …… …….. …….1,280

Ending Balance ……. …….. …….$45,310 ..$45,310

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