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29 Jun 2018
P4-2A,Prepare adjusting entries, post to ledger accounts, and prepare adjusted trial balance. Ken Lumas started his own consulting firm, LumasConsulting, on June 1, 2014. The trial balance at June30 is as follows. LUMAS CONSULTING Trial Balance June 30, 2014 Debit Credit Cash $6,850 Accounts Receivable 7,000 Prepaid Insurance 2,880 Supplies 2,000 Equipment 15,000 Accounts Payable $4,230 Unearned Service Revenue 5,200 Common Stock 22,000 Service Revenue 8,300 Salaries and Wages Expense 4,000 RentExpense 2,000 $39,730 $39,730 In addition to those accounts listed onthe trial balance, the chart of accounts for Lumas alsocontains the following accounts: Accumulated Depreciation
P4-2A,Prepare adjusting entries, post to ledger accounts, and prepare adjusted trial balance. | |||||||||||||||||||||||||
Ken Lumas started his own consulting firm, LumasConsulting, on June 1, 2014. The trial balance at June30 is as follows. | |||||||||||||||||||||||||
LUMAS CONSULTING | |||||||||||||||||||||||||
Trial Balance | |||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||
Debit | Credit | ||||||||||||||||||||||||
Cash | $6,850 | ||||||||||||||||||||||||
Accounts Receivable | 7,000 | ||||||||||||||||||||||||
Prepaid Insurance | 2,880 | ||||||||||||||||||||||||
Supplies | 2,000 | ||||||||||||||||||||||||
Equipment | 15,000 | ||||||||||||||||||||||||
Accounts Payable | $4,230 | ||||||||||||||||||||||||
Unearned Service Revenue | 5,200 | ||||||||||||||||||||||||
Common Stock | 22,000 | ||||||||||||||||||||||||
Service Revenue | 8,300 | ||||||||||||||||||||||||
Salaries and Wages Expense | 4,000 | ||||||||||||||||||||||||
RentExpense | 2,000 | ||||||||||||||||||||||||
$39,730 | $39,730 | ||||||||||||||||||||||||
In addition to those accounts listed onthe trial balance, the chart of accounts for Lumas alsocontains the following accounts: | |||||||||||||||||||||||||
Accumulated Depreciation |
Patrina SchowalterLv2
30 Jun 2018