No | Account Title and Explanation | Debit | Credit |
1) | Supplies expense (1997-720) | $ 1,277 | |
Supplies | $ 1,277 | ||
(To record supplies expenses during the year) | |||
2) | Utilities expense | $ 270 | |
Accounts payable | $ 270 | ||
( To record utility bill expenses is not paid ) | |||
3) | Insurance expense ($2,880/12 months) | $ 240 | |
Prepaid Insurance | $ 240 | ||
(To record insurance policy is for a year ) | |||
4) | Unearned service revenue | $ 4,120 | |
Service Revenue | $ 4,120 | ||
(To record service performed of unearned service ) | |||
5) | Salaries and wages expense | $ 1,400 | |
Salaries and wages payable | $ 1,400 | ||
(To record accrued salaries ) | |||
6) | Depreciation Expense | $ 250 | |
Accumulated Depreciation -Equipment | $ 250 | ||
(To record Depreciation Expense for 1 month) | |||
7) | Accounts receivable | $ 4,250 | |
Service Revenue | $ 4,250 | ||
(To record service performed but not recorded ) |
.
CASH | Accounts Receivable | |||||||
Beg.Bal. | $ 6,850 | Beg.Bal. | $ 7,000 | |||||
7) | $ 4,250 | |||||||
End Bal. | $ 6,850 | End Bal. | $ 11,250 | |||||
Supplies | Prepaid Insurance | |||||||
Beg.Bal. | $ 1,997 | Beg.Bal. | $ 2,880 | |||||
1) | $ 1,277 | 3) | $ 2,40 | |||||
End Bal. | $ 720 | End Bal. | $ 2,640 | |||||
Equipment | Accumulated Depreciation-Equipment | |||||||
Beg.Bal. | $ 15,000 | Beg.Bal. | $ 0 | |||||
6) | $ 250 | |||||||
End Bal. | $ 15,000 | End Bal. | $ 250 | |||||
Accounts Payable | Salaries and wages Payable | |||||||
Beg.Bal. | $ 4,255 | Beg.Bal. | $ 0 | |||||
2) | $ 270 | 5) | $ 1,400 | |||||
End Bal. | $ 4,525 | End Bal. | $ 1,400 | |||||
Unearned service revenue | Common stock | |||||||
Beg.Bal. | $ 5,200 | Beg.Bal. | $ 21,997 | |||||
4) | $ 4,120 | |||||||
End Bal. | $ 1,080 | End Bal. | $ 21,997 | |||||
Service Revenue | Salaries and wages expense | |||||||
Beg.Bal. | $ 8,300 | Beg.Bal. | $ 4,000 | |||||
4) | $ 4,120 | 5) | $ 1,400 | |||||
7) | $ 4,250 | |||||||
End Bal. | $ 16,670 | End Bal. | $ 5,400 | |||||
Rent Expense | Depreciation Expense | |||||||
Beg.Bal. | $ 2,025 | Beg.Bal. | $ 0 | |||||
6) | $ 250 | |||||||
End Bal. | $ 2,025 | End Bal. | $ 250 | |||||
Insurance Expense | Utilities Expense | |||||||
Beg.Bal. | $ 0 | Beg.Bal. | $ 0 | |||||
3) | $ 240 | 2) | $ 270 | |||||
End Bal. | $ 240 | End Bal. | $ 270 | |||||
Supplies Expense | ||||||||
Beg.Bal. | $ 0 | |||||||
1) | $ 1,277 | |||||||
End Bal. | $ 1,277 |
JOHN CONSULTING | ||
Adjusted Trial balance | ||
June 30, 2022 | ||
Accounts | Debit | Credit |
Cash | $ 6,850 | |
Accounts receivable | $ 11,250 | |
Supplies | $ 720 | |
Prepaid Insurance | $ 2,640 | |
Equipment | $ 15,000 | |
Accumulated Depreciation -Equipment | $ 250 | |
Accounts Payable | $ 4,525 | |
Salaries and wages payable | $ 1,400 | |
Unearned service revenue | $ 1,080 | |
Common stock | $ 21,997 | |
Service Revenue | $ 16,670 | |
Salaries and wages Expense | $ 5,400 | |
Rent Expense | $ 2,025 | |
Depreciation Expense | $ 250 | |
Insurance Expense | $ 240 | |
Utilities Expense | $ 270 | |
Supplies Expense | $ 1,277 | |
Totals | $ 45,922 | $ 45,922 |
Len John started his own consulting firm, John Consulting, on June 1,2022. The trial balance at...
Len John started his own consulting firm, John Consulting, on June 1, 2022. The trial balance at June 30 is as follows. JOHN CONSULTING Trial Balance June 30, 2022 Debit Credit Cash $6,850 Accounts Receivable 7,000 Supplies 1.997 Prepaid Insurance 2.880 Equipment 15.000 Accounts Payable $4.255 Unearned Service Revenue 5.200 Common Stock 21.997 Service Revenue 8.300 Salaries and Wages Expense 4000 Rent Expense 2,025 $39.752 $39.752 In addition to those accounts listed on the trial balance, the chart of accounts...
Problem 4-02A (Part Level Submission) Len John started his own consulting firm, John Consulting, on June 1, 2022. The trial balance at June 30 is as follows. JOHN CONSULTING Trial Balance June 30, 2022 Debit Credit Cash $ 6,850 Accounts Receivable 7,000 Supplies 1,99% Prepaid Insurance 2,880 Equipment 15,000 Accounts Payable $4,255 Uneared Service Revenue 5,200 Common Stock 21,997 Service Ravenue 8,300 Salaries and Wages Expense 4,000 Rent Expense 2.025 $39.752 $39.752 In addition to those accounts listed on 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 David started his own consulting firm, David Consulting, on June 1, 2022. The trial balance at June 30 is as follows. DAVID CONSULTING Trial Balance June 30, 2022 Debit Credit Cash $ 6,850 Accounts Receivable 7,000 Supplies 1,992 Prepaid Insurance 3,120 Equipment 15,000 Accounts Payable $ 4,270 Unearned Service Revenue 5,200 Common Stock 21,992 Service Revenue 8,300 Salaries and Wages Expense 4,000 Rent Expense 1,800 $39,762 $39,762 In addition to those accounts listed on the trial balance, the chart...
Len William started his own consulting firm, William Consulting, on June 1, 2022. The trial balance at June 30 is as follows. WILLIAM CONSULTING Trial Balance June 30, 2022 Debit Credit Cash $ 6,850 Accounts Receivable 7,000 Supplies 2,007 Prepaid Insurance 3,060 Equipment 15,000 Accounts Payable $ 4,260 Unearned Service Revenue 5,200 Common Stock 22,007 Service Revenue 8,300 Salaries and Wages Expense 4,000 Rent Expense 1,850 $39,767 $39,767 In addition to those accounts listed on the trial balance, the chart...
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...
Joseph started his own consulting firm, Joseph Consulting, on June 1, 2022. The trial balance at June 30 is as follows. JOSEPH CONSULTING Trial Balance June 30, 2022 Debit Credit Cash $6,850 Accounts Receivable 7,000 Supplies 1,972 Prepaid Insurance 3,300 Equipment 15,000 Accounts Payable $4,250 Unearned Service Revenue 5,200 Common Stock 21,972 Service Revenue 8,300 Salaries and Wages Expense 4,000 Rent Expense 1,600 $39,722 $39,722 In addition to those accounts listed on the trial balance, the chart of accounts for...
Len Gary started his own consulting firm, Gary Consulting, on June 1, 2022. The trial balance at June 30 is as follows. GARY CONSULTING Trial Balance June 30, 2022 Debit Credit Cash $6,850 Accounts Receivable 7.000 Supplies 2012 Prepaid Insurance 4,260 Equipment 15,000 Accounts Payable $4,250 Unearned Service Revenue 5,200 Common Stock 22,012 Service Revenue 8,300 Salaries and Wages Expense 4,000 Rent Expense 640 $39,762 $39,762 In addition to those accounts listed on the trial balance, the chart of accounts...
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...
Len Michael started his own consulting firm, Michael Consulting, on June 1, 2022. The trial balance at June 30 is as follows. MICHAEL CONSULTING Trial Balance June 30, 2022 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense Debit Credit $ 6,850 7.000 2,002 3,000 15,000 $ 4,235 5,200 22,002 8,300 4,000 1,885 $39,737 $39,737 In addition to those accounts listed on the trial balance, the chart...