P4-2A, Prepare adjusting entries, post to ledger accounts, and prepare adjusted trial balance.

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

Prepaid Insurance

2,880

Supplies

2,000

Equipment

15,000

Accounts Payable

$4,230

Unearned Service Revenue

5,200

Common Stock

22,000

Service Revenue

8,300

Salaries and Wages Expense

4,000

Rent Expense

2,000

$39,730

$39,730

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

Accumulated Depreciation