Ken Lumas started his own consulting firm, Lumas Consulting, on June 1, 2014. The trial balance at June 30 is as follows.

LUMAS CONSULTING Trial Balance June 30, 2014
		Debit		Credit
Cash		$ 6,850
Accounts Receivable		7,000
Supplies		2,027
Prepaid Insurance		3,240
Equipment		15,000
Accounts Payable				$ 4,260
Unearned Service Revenue				5,200
Common Stock				22,117
Service Revenue				8,000
Salaries and Wages Expense		4,000
Rent Expense		1,460
		$39,577		$39,577

In addition to those accounts listed on the trial balance, the chart of accounts for Lumas also contains the following accounts: Accumulated Depreciation