Solo Ltd began operations on 1 June 2012. The trial balance at 30 June before adjustments is as follows:

SOLO LtdTrial Balance as at 30 June 2012 Debit Credit Cash $9 300 Accounts Receivable 7 200 Prepaid Insurance 2 880Supplies 2 400Office Equipment 18 000Accounts Payable $5 400Unearned Service Revenue 4 800Share Capital 26 100Service Revenue 9 480Salaries Expense 4 800 Rent Expense 1 200

$45 780

$45 780

Other data:

1 Supplies on hand at 30 June total $1 560.2. An electricity bill for $180 has not been recorded and will not be paid until next month.3. The insurance policy is for a year.4. Services were performed during the period in relation to $3 000 of Unearned Revenue.5. Salaries of $1 800 are owed at 30 June.6.The office equipment has a 5-year life with no re-sale value and is being depreciated at $300 per month for 60 months.7.Invoices representing $3 600 of services performed during the month have not been recorded as of 30 June.