Related questions
Concept explainers
Kendall Jenner started her own company, Kendall Consulting, on April 1, 2021. The
KENDALL CONSULTING
Trial Balance
June 30, 2021
Debit Credit
Cash $ 6,750
Supplies 2,000
Prepaid Insurance 2,880
Equipment 15,000
Accounts Payable $ 4,230
Unearned Service Revenue 5,200
Common Stock 22,000
Service Revenue 8,200
Salaries and Wages Expense 4,000
Rent Expense 2,000
$ 39,630 $ 39,630
In addition to those accounts listed on the trial balance, the chart of account for Paris Consulting also contains the following accounts:
Other data collected:
1. Supplies on hand by the end of the month total $720
2. A utility bill for $180 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 $4,100 of unearned service revenue by the end of the month
5. Salaries of $1,250 are accrued on June 30
6. The equipment has a 5-year life with no salvage value and is being
7. Invoices representing $3,900 of services performed during the month have not been recorded as of June 30.
Instructions
(1) Prepare the
(2) Prepare an adjusted trial balance at Sept 30, 2021
Step by stepSolved in 3 steps
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