2-14A Preparing financial statements from a trial balance LO6 Feline Pet Care Trial Balance July 31, 2020 Acct.No Account Title Debit Credit 101 Cash $ 23,200 106 Accounts receivable 11,800 128 Prepaid insurance 12,700 163 Book 173 Equipment Building 18,400 194,000 183 Land 138,000 Ask 201 Accounts payable $ 15,740 230 Unearned revenue Print 301 Dwight Turnbull, capital 93,000 294,760 302 Dwight Turnbull, withdrawals 4,400 401 Revenue 122,400 623 Wages expense 60,000 645 655 684 Equipment rental expense Advertising expense Pet food expense Totals 36,000 9,400 18,000 $525,900 $525,900 You got this question right in the previous attempt. Problem 2-7A Preparing and posting journal entries; preparing a trial balance LO3, 4, 5, 6 Elizabeth Wong has strong problem-solving skills and loves to work with people. After becoming a Certified Human Reso Professional (CHRP) and working for several companies, she opened her own business, HR Solutions. She completed the transactions during May 2020: May 1 Invested $70,000 in cash and office equipment that had a fair value of $43,000 in the business. 1 Prepaid $12,900 cash for three months' rent for an office. 2 Made credit purchases of office equipment for $21,500 and office supplies for $4,300. 6 Completed a report on hiring solutions for a client and collected $7,500 cash. 9 Completed a $15,500 project implementing a training program for a client, who will pay within 30 days. 10 Paid half of the account payable created on May 2. 19 Paid $7,000 cash for the annual premium on an insurance policy. 22 Received $12,300 as partial payment for the work completed on May 9. 25 Developed a performance review process for another client for $4,780 on credit. 25 Paid wages for May totalling $31,500. 31 Withdrew $4,500 cash from the business to take a trip to Paris in June. 31 Purchased $1,350 of additional office supplies on credit. 31 Paid $1,350 for the month's utility bill. You got this question right in the previous attempt. Problem 2-7A Preparing and posting journal entries; preparing a trial balance LO3, 4, 5, 6 Elizabeth Wong has strong problem-solving skills and loves to work with people. After becoming a Certified Human Reso Professional (CHRP) and working for several companies, she opened her own business, HR Solutions. She completed the transactions during May 2020: May 1 Invested $70,000 in cash and office equipment that had a fair value of $43,000 in the business. 1 Prepaid $12,900 cash for three months' rent for an office. 2 Made credit purchases of office equipment for $21,500 and office supplies for $4,300. 6 Completed a report on hiring solutions for a client and collected $7,500 cash. 9 Completed a $15,500 project implementing a training program for a client, who will pay within 30 days. 10 Paid half of the account payable created on May 2. 19 Paid $7,000 cash for the annual premium on an insurance policy. 22 Received $12,300 as partial payment for the work completed on May 9. 25 Developed a performance review process for another client for $4,780 on credit. 25 Paid wages for May totalling $31,500. 31 Withdrew $4,500 cash from the business to take a trip to Paris in June. 31 Purchased $1,350 of additional office supplies on credit. 31 Paid $1,350 for the month's utility bill