Question

Sunland started her own consulting firm, Sunland Company, on May 1, 2020. The trial balance at May 31 is as follows Sunland Company Tralalance May 31, 2020 Account Number Credit Debit $ 4,500 Cash 130 1,900 2.400 12.500 201 Supplies Prepaid Insurance Event Accounts Payable Uneamed Service Revenue Common Stod Service Revenue Salanes and Wages Expense Rent 18.000 7.500 400 726 729 3.400 1.500 $32.400 532.400 In addition to those accounts listed on the trial balance, the chart of accounts for Sud Company also contains the following accounts and account numbers: No. 150 Accumulated Depreciation- opment, No. 212 Sales and was Payab, No. 31 Sub Expense No. 717 Depreciation Expense No. 722 narance Expense, and N 732 ts Expense Other data 1. $800 of supplies have been used during the month 2. is expense incurred but not paid on May 31, 2020, $300. 3. The insurance policy for 2 years 4 $400 of the balance in the unearned service revenue account remains uneared at the end of the month 5. May 31 is a Wednesday, and employees are pardon Friday, Narden Conting has two employees, who are paid $1.000 each for a 5-day work week 6. The equipment has a 5-year te with no salvage value. It is being depreciated $210 per month for 60 months 7. Inveces representing $1,800 of services performed during the month have not been recorded as of May 31

Answer 1

Answer:

Cash Account					No.101
Date	Particulars	Ref	Debit	Credit	Balance
May-31	Balance				4,500.00
Accounts Receivable					No.112
Date	Particulars	Ref	Debit	Credit	Balance
May-31	Balance				6,100.00
May-31	Services Revenue		1,800.00		7,900.00
Supplies					No.126
Date	Particulars	Ref	Debit	Credit	Balance
May-31	Balance				1,900.00
May-31	Supplier expenses			800.00	1,100.00
Prepaid insurance					No.130
Date	Particulars	Ref	Debit	Credit	Balance
May-31	Balance				2,400.00
May-31	Insurance Expenses			100.00	2,300.00
Equipment					No.149
Date	Particulars	Ref	Debit	Credit	Balance
May-31	Balance				12,600.00
Accounts Payable					No.201
Date	Particulars	Ref	Debit	Credit	Balance
May-31	Balance				4,200.00
May-31	Utilities Expenses			300.00	4,500.00
Unearned Service Revenue					No.209
Date	Particulars	Ref	Debit	Credit	Balance
May-31	Balance				1,900.00
May-31	Service Revenue		1,500.00		400.00
Common Stock					No.311
Date	Particulars	Ref	Debit	Credit	Balance
May-31	Balance				18,800.00
					18,800.00
Service Revenue					No.400
Date	Particulars	Ref	Debit	Credit	Balance
May-31	Balance				7,500.00
May-31	Accounts Receivable			1,800.00	9,300.00
May-31	Unearned Revenue			1,500.00	10,800.00
Salaries and wages expenses					No.726
Date	Particulars	Ref	Debit	Credit	Balance
May-31	Balance				3,400.00
	Salaries and wages payable		10,000.00		13,400.00
Rent Expense					No.729
Date	Particulars	Ref	Debit	Credit	Balance
May-31	Balance				1,500.00
					1,500.00
Accumulated Depreciation - Equipment					No.150
Date	Particulars	Ref	Debit	Credit	Balance
May-31	Depreciation Expenses			210.00	210.00
May-31					210.00
Salaries and wages payable					No.212
Date	Particulars	Ref	Debit	Credit	Balance
May-31	Balance				-
May-31	Salaries and wages			10,000.00	10,000.00
Supplies expenses					No.633
Date	Particulars	Ref	Debit	Credit	Balance
May-31	Balance
May-31	Supplies expenses		800.00		800.00
Depreciation expenses					No.717
Date	Particulars	Ref	Debit	Credit	Balance
May-31	Balance
May-31	Accumulated depreciation		210.00		210.00
Insurance Expenses					No.722
Date	Particulars	Ref	Debit	Credit	Balance
May-31	Prepaid Insurance		100.00		100.00
					100.00
Utilities Expenses					No.732
Date	Particulars	Ref	Debit	Credit	Balance
May-31	Accounts Payable		300.00		300.00
					300.00