Question: Problem 4-2A Completing a work sheet L01 The June 30, 2020, unadjusted trial balance for Trenton Consulting after its first year of operations follows: Trenton


Problem 4-2A Completing a work sheet L01 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 $ 720 Accounts receivable 3,100 Prepaid rent 3,900 Equipment 9, 200 Accounts payable $ 1,770 Toni Trenton, Capital 27,53e Toni Trenton, withdrawals 7,280 Consulting revenue 30, 660 Wages expense 25,320 Insurance expense 1,660 Rent expense 8.720 Totals $ 59,900 $ 59,900 Additional Information: a. Annual depreciation on the equipment is $1.700. 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 $3.600. d. Accrued revenues at June 30 totalled $4,500. Required: 1.-3. Use the above Information to complete the work sheet. Additional Information: a. Annual depreciation on the equipment is $1700. 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 $3,600. d. Accrued revenues at June 30 totalled $4,500. Required: 1-3. Use the above Information to complete the work sheet TRENTON CONSULTING Work Sheet For Year Ended June 30, 2020 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet & Statement of Changes in Equity Debit Credit Debit Credit Debit Credit Debit Credit Account Cash Accounts receivable Prepaid rent Equipment Accounts payable Toni Trenton capital Toni Trenton, withdrawals Consulting revenue Wages expense Insurance expense Rent expense Total Depreciation expense Accumulated depreciation equip Weges payable Totals Debit Credit 5 720 3. 3.900 9.200 1.770 27.530 7.280 30.800 25,320 1,660 8.720 $ 59,900 $ 69,900 S 0$ os o 5 ols 05 05 03 $ o 5 05 05 Tou's 4. Calculate the balance in the capital account as it would appear on the June 30, 2020, balance sheet. Balance in the capital account
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