STEVEN CONSULTING Trial Balance June 30, 2022 Debit Credit Cash Accounts Receivable Supplies $6,850 7,000 1,992...

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STEVEN CONSULTING Trial Balance June 30, 2022 Debit Credit Cash Accounts Receivable Supplies $6,850 7,000 1,992 Prepaid Insurance 3,840 Equipment 15,000 Accounts Payable $4,280 Unearned Service Revenue 5,200 Common Stock 21,992 Service Revenue 8,300 Salaries and Wages Expense Rent Expense 4,000 1,090 $39,772 $39,772 In addition to those accounts listed on the trial balance, the chart of accounts for Steven 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 $720. A utility bill for $230 has not been recorded and will not be paid until next month. 1. 2. 3. The insurance policy is for a year. 4. 5. 6. 7. Services were performed for $4,400 of unearned service revenue by the end of the month. Salaries of $1,290 are accrued at June 30. The equipment has a 5-year life with no salvage value and is being depreciated at $250 per month for 60 months. Invoices representing $4,330 of services performed by Steven during the month have not been recorded as of June 30. STEVEN CONSULTING Trial Balance June 30, 2022 Debit Credit Cash Accounts Receivable Supplies $6,850 7,000 1,992 Prepaid Insurance 3,840 Equipment 15,000 Accounts Payable $4,280 Unearned Service Revenue 5,200 Common Stock 21,992 Service Revenue 8,300 Salaries and Wages Expense Rent Expense 4,000 1,090 $39,772 $39,772 In addition to those accounts listed on the trial balance, the chart of accounts for Steven 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 $720. A utility bill for $230 has not been recorded and will not be paid until next month. 1. 2. 3. The insurance policy is for a year. 4. 5. 6. 7. Services were performed for $4,400 of unearned service revenue by the end of the month. Salaries of $1,290 are accrued at June 30. The equipment has a 5-year life with no salvage value and is being depreciated at $250 per month for 60 months. Invoices representing $4,330 of services performed by Steven during the month have not been recorded as of June 30.