Core Industries

Unadjusted Trial Balance

For the Month Ending Decembr 31, 2019

Account Name Debit Credit 100-Cash $ 167,250 101-Accounts Receivable 2,450 104-Supplies 12,500 106-Prepaid Rent 2,400 150-Computers (cost) 150,000 151-Accumulated Depreciation-Computers $ 18,000 200-Accounts Payable 2,500 202-Unearned Revenue 105,000 301-Owner's Capital 87,000 303-Owner's Drawings 5,000 401-Service Revenue 275,000 503-Advertising Expense 1,500 650-Rent Expense 22,600 790-Salaries & Wages Expense 123,800 $ 487,500 $ 487,500

Adjustments

1. $4,500 of supplies were used during the month of December.

2. The December balance in the Unearned Revenue is $65,000

3. December Depreciation is $300

4. The weekly wage of $6,000 will be paid on Thursday, January 1, 2020.

5. Received a $10,500 payment on January 2nd for services completed on Dec 29th. What is the Service Revenue and Net Income respectively for the month of December?