financial accounting 1 work sheet


financial accounting 1 work sheet

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financial accounting !!!

Trenton ConsultingUnadjusted Trial BalanceJune 30 , 2017UnadjustedTrial BalanceAccountDebitCreditCashYOUIccounts receivable*3, 400Prepaid rent41 6DUEquipment8, 600Accounts payable1, 8305Toni Trenton , Capital28 , 850oni Trenton , withdrawalsConsulting revenue*31 , 200wages expense25 , 920Insurance expense1 . 720Rent expense9. 0 60Totals61 , 88061 , 880Additional information :”2 . Annual depreciation on the equipment is $2 , 000 .`6 . The balance in the Prepaid Rent account is for six months of rent commencing March 1 , 2017 .C. Unpaid and unrecorded wages at June 30 totalled $4 , 200 .d . Accrued revenues at June 30 totalled $5 , 100 .Required :`1 . – 3 . Use the above information to complete the work sheet .”TRENTON CONSULTINGWork SheetFor Year Ended June 30 , 2017Balance Sheet &Unadjusted Trial Balance*AdjustmentsAdjusted Trial Balance*Income StatementStatement of Changes inEquityAccountDebitCreditDebitCreditDebitDebitCreditDebitCreditCash780Accounts receivable*3. 400*Prepaid rentEquipment*8. 600Accounts payable*1 , 830|Toni Trenton , capital28 , 850Toni Trenton , withdrawal7 , 880Consulting revenue*31 , 200Wages expense25 , 920|Insurance expense*1 , 720Rent expense9 , 320|Totals$ 61 , 880 | $ 61 , 880*Depreciation expense*Accumulated depreciation , equip .”Wages payableTotalsTotals4 . Calculate the balance in the capital account as it would appear on the June 30 , 2017 , balance sheet .Balance in the capital account*

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