Len Kumar started his own consulting firm, Kumar Consulting, on
June 1, 2017. The trial balance at June 30 is as follows.
KUMAR
CONSULTING Trial Balance June 30, 2017 |
||||
---|---|---|---|---|
Debit | Credit | |||
Cash |
$ 6,850 | |||
Accounts Receivable |
7,000 | |||
Supplies |
1,987 | |||
Prepaid Insurance |
3,480 | |||
Equipment |
15,000 | |||
Accounts Payable |
$ 4,245 | |||
Unearned Service Revenue |
5,200 | |||
Common Stock |
21,987 | |||
Service Revenue |
8,300 | |||
Salaries and Wages Expense |
4,000 | |||
Rent Expense |
1,415 |
|
||
$39,732 |
$39,732 |
In addition to those accounts listed on the trial balance, the
chart of accounts for Kumar also contains the following accounts:
Accumulated Depreciation—Equipment, Salaries and Wages Payable,
Depreciation Expense, Insurance Expense, Utilities Expense, and
Supplies Expense.
Other data:
1. | Supplies on hand at June 30 total $720. | |
2. | A utility bill for $250 has not been recorded and will not be paid until next month. | |
3. | The insurance policy is for a year. | |
4. | Services were performed for $4,390 of unearned service revenue by the end of the month. | |
5. | Salaries of $1,350 are accrued at June 30. | |
6. | The equipment has a 5-year life with no salvage value and is being depreciated at $250 per month for 60 months. | |
7. |
Invoices representing $4,260 of services performed during the month have not been recorded as of June 30. |
Adjusted trial balance
KUMAR CONSULTING Trial Balance June 30, 2017 |
||||
---|---|---|---|---|
Debit | Credit | |||
Cash |
$ 6,850 | |||
Accounts Receivable |
11260 | |||
Supplies |
720 | |||
Prepaid Insurance |
3,190 | |||
Equipment |
15,000 | |||
Accumulated depreciation | 250 | |||
Accounts Payable |
$ 4,245 | |||
Salaries and wages payable | 1350 | |||
Accrued expense payable | 250 | |||
Unearned Service Revenue |
810 | |||
Common Stock |
21,987 | |||
Service Revenue |
16950 | |||
Salaries and Wages Expense |
5350 | |||
Supplies expense | 1267 | |||
Utilities expense | 250 | |||
Depreciation expense | 250 | |||
Insurance expense (3480/12) | 290 | |||
Rent Expense |
1,415 |
|
||
45842 | 45842 |
Len Kumar started his own consulting firm, Kumar Consulting, on June 1, 2017. The trial balance...
Len Kumar started his own consulting firm, Kumar Consulting, on June 1, 2017. The trial balance at June 30 is as follows. KUMAR CONSULTING Trial Balance June 30, 2017 Debit Credit Cash $ 6,850 Accounts Receivable 7,000 Supplies 1,987 Prepaid Insurance 3,480 Equipment 15,000 Accounts Payable $ 4,245 Unearned Service Revenue 5,200 Common Stock 21,987 Service Revenue 8,300 Salaries and Wages Expense 4,000 Rent Expense 1,415 $39,732 $39,732 An addition to those accounts listed on the trial balance, the...
Len Kumar started his own consulting firm, Kumar Consulting, on June 1, 2017. The trial balance at June 30 is as follows. KUMAR CONSULTING Trial Balance June 30, 2017 Debit Credit Cash $ 6,850 Accounts Receivable 7,000 Supplies 2,007 Prepaid Insurance 2,160 Equipment 15,000 Accounts Payable $ 4,245 Unearned Service Revenue 5,200 Common Stock 22,007 Service Revenue 8,300 Salaries and Wages Expense 4,000 Rent Expense 2,735 $39,752 $39,752 In addition to those accounts listed on the trial balance, the...
Len Richard started his own consulting firm, Richard Consulting, on June 1, RICHARD CONSULTING Trial Balance June 30, 2022 Credit Debit $6,850 7,000 1,982 3,180 15,000 1 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,245 5,200 21,982 8,300 4,000 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated...
Len Richard started his own consulting firm, Richard Consulting, on June 1, 2022. The trial balance at June 30 is as follows. RICHARD CONSULTING Trial Balance June 30, 2022 Debit Credit Cash Accounts Receivable $ 6,850 7,000 1,982 3,180 15,000 Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,245 5,200 21,982 8,300 4,000 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart...
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Len Richard started his own consulting firm, Richard Consulting, on June 1, 2022. The trial balance at June 30 is as follows. RICHARD CONSULTING Trial Balance June 30, 2022 Credit Debit $6,850 Cash Accounts Receivable 7,000 Supplies 1,982 Prepaid Insurance 3,180 Equipment 15,000 Accounts Payable 5,200 Unearned Service Revenue Common Stock 21.982 Service Revenue 8,300 Salaries and Wages Expense 4,000 Rent Expense 1,715 $39.727 $39.727 In addition to those accounts listed on the trial balance, the chart of accounts for...
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Len Richard started his own consulting firm, Richard Consulting, on June 1, 2022. The trial balance at June 30 is as follows. RICHARD CONSULTING Trial Balance June 30, 2022 Credit Debit $6,850 7,000 1,982 3,180 15,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,245 5,200 21,982 8,300 4,000 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of...