Question
Problem 4-02A (Part Level Submission) Len James started his own consulting firm, James Consulting, on June 1, 2022. The JAMES CONSULTING Trial Balance June 30,
Problem 4-02A (Part Level Submission) Len James started his own consulting firm, James Consulting, on June 1, 2022. The JAMES CONSULTING Trial Balance June 30, 2022 Credit Debit $ 6,850 7,000 1,972 2,820 15,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,210 5,200 21,972 8,300 4,000 2,040 $39,682 $39,682 In addition to those accounts listed on the trial balance, the chart of accounts for Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. Supplies on hand at June 30 total $720. 2. A utility bill for $180 has not been recorded and will not be paid until next mc 3. The insurance policy is for a year. 4. Services were performed for $4,100 of unearned service revenue by the end 5. Salaries of $1,250 are accrued at June 30. 6. The equipment has a 5-year life with no salvage value and is being depreciate 7. Invoices representing $3,900 of services performed by James during the mor (a) W Andre... S Kimmel, Financial Accounting, 9e No. Account Titles and Explanation Debit Credit 1. Supplies Expense 1252 Supplies 1252 2. Utilities Expense 180 Accounts Payable 180 3. Insurance Expense 235 Prepaid Insurance 235 4. Unearned Service Revenue 4100 Service Revenue 4100 5. Salaries and Wages Expense 1250 Salaries and Wages Payable 1250 6. Depreciation Expense 250 > Accumulated Depreciation-Equipment 250 7. Accounts Receivable 3900 Service Revenue 3900 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER S Kimmel, Financial Accounting, 9e Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable S Kimmel, Financial Accounting, 9e Salaries and Wages Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense S Kimmel, Financial Accounting, 9e Rent Expense Depreciation Expense Insurance Expense Utilities Expense Supplies Expense SHOW LIST OF ACCOUNTS LINK TO TEXT
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