The June 30, 2020, unadjusted trial balance for Trenton Consulting after its first year of operations follows:

Required

1. Enter the unadjusted trial balance onto a work sheet.

2. Using the following additional information, enter the adjustments onto the work sheet:

a. Annual depreciation on the equipment is $1,500.

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 $3,200.

d. Accrued revenues at June 30 totalled $4,100.

3. Complete the work sheet.

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

Analysis Component: What effect does a loss have on the accounting equation?

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Trenton Consulting Trial Balance.xlsx Home Insert Page Layout Fommulas Data Review View P18 A в Trenton Consulting Unadjusted Trial Balance June 30, 2020 3 4 Unadjusted Trial Balance Cr. Account Dr. 7 Cash 8 Accounts receivable 9 Prepaid rent |10 Equipment |11 Accounts payable 12 Toni Trenton, capital 13 Toni Trenton, withdrawals | 14 Consulting revenue |15 Wages expense 16 Insurance expense 680 2,900 3,660 9,600 1,730 26,650 6,880 30,200 24,920 1,620 8,320 17 Rent expense 18 Totals 58,580 58,580