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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, 2020

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 $ 690
Accounts receivable 2,950
Prepaid rent 3,720
Equipment 9,500
Accounts payable $ 1,740
Toni Trenton, capital 26,870
Toni Trenton, withdrawals 6,980
Consulting revenue 30,300
Wages expense 25,020
Insurance expense 1,630
Rent expense 8,420
Totals $ 58,910 $ 58,910

Additional information:

  1. Annual depreciation on the equipment is $1,550.
  2. The balance in the Prepaid Rent account is for six months of rent commencing March 1, 2020.
  3. Unpaid and unrecorded wages at June 30 totalled $3,300.
  4. Accrued revenues at June 30 totalled $4,200.

Required: 1. - 3. Use the above information to complete the work sheet.

4. Calculate the balance in the capital account as it would appear on the June 30, 2020, balance sheet.

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