Accountin iri The May 31, 20XX, post-closing trial balance for the L&L Accounting Firm appears below L&L Accounting Firm Post-Closing Trial Balance May 31, 20XX 6,000 4,400 500 2,000 1100 4,000 Cash Accounts Receivable Office Supplies Prepaid Rent Prepaid Insurance Office E quipment Acc. Depreciation, Office Equipment Office Furniture Acc. Depreciation, Office Furniture Accounts Pavable Unearned Consulting Fees Wages Pavable J. Long, Capital 60 2,700 50 4 500 1,500 600 13,990 $ 20,700 $20.700 During June, the firm engaged in the following transactions: Received an investment of cash from J. Long, $8,000 Purchased office equipment with cash, $2,000 Purchased extra office supplies with cash, $190 Completed bookkeeping services for $1,400, received cash payment. Paid the amount due to Office Depot for the office equipment purchased last month, $750 Accepted an advance in cash for services to be done for a new client, $2,200 Performed consulting services and received a cash fee, $1,650 Received payment on account from Sally's Salon for services performed last month, $3,200 Performed consulting services for Sally's Salon and agreed to accept payment next month, $4,600 Performed bookkeeping services for cash, $780 Received and paid the utility bill for June, $340 Paid the secretary for two weeks' wages, $1,600 Paid the rent for July in advance, $2,000 9 13 14 16 17 19 20 23 24 27