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The June 30, 2020, unadjusted trial balance for Trenton Consulting after its first year of operations follows: Trenton Consulting Unadjusted Trial Balance June 30,
The June 30, 2020, unadjusted trial balance for Trenton Consulting after its first year of operations follows: Trenton Consulting Unadjusted Trial Balance June 30, 2020 Unadjusted Trial Balance Account Debit Credit Cash $ 700 Accounts receivable 3,000 Prepaid rent 3,780 Equipment 9,400 Accounts payable $ 1,750 Toni Trenton, capital 27,090 Toni Trenton, withdrawals 7,080 Consulting revenue 30,400 Wages expense 25,120 Insurance expense 1,640 Rent expense 8,520 Totals $59,240 $59,240 Additional information: a. Annual depreciation on the equipment is $1,600. b. The balance in the Prepaid Rent account is for six months of rent commencing March 1, 2020. c. Unpaid and unrecorded wages at June 30 totalled $3,400. d. Accrued revenues at June 30 totalled $4,300. Required: 1.-3. Use the above information to complete the work sheet.
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