Question
Len David started his own consulting firm, David Consulting, on June 1, 2025. The trial balance at June 30 is as follows. David Consulting
Len David started his own consulting firm, David Consulting, on June 1, 2025. The trial balance at June 30 is as follows. David Consulting Trial Balance June 30, 2025 Debit Credit Cash $6,910 Accounts Receivable 7,060 Supplies 2,060 Prepaid Insurance 2,940 Equipment 15,060 Accounts Payable $4,290 Unearned Service Revenue 5,260 Common Stock 22,060 Service Revenue 8,360 Salaries and Wages Expense 4,060 Rent Expense 1,880 $39.970 $39.970 In addition to those accounts listed on the trial balance, the chart of accounts for David also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable. Depreciation Expense, Insurance Expense, Utilities Expense. and Supplies Expense Other data: Supplies on hand at June 30 total $780.
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