The June 30, 2014, 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, 2014.
c. Unpaid and unrecorded wages at June 30 totaled $3,200.
d. Accrued revenues at June 30 totaled $4,1 ()().
3. Complete the work sheet.
4. Calculate the balance in the capital account as it would appear on the June 30, 2014, balance sheet.
Analysis Component:
What effect does a net loss have on the accounting equation?

Transcribed Image Text:

Trenton Consulting Trial Balance.xls Home Insert Page Layout Formulas Duta Review View P18 Trenton Consulting Unadjusted Trial Balance June 30, 2014 Unadjusted Trial Balance Account Cr 680 2,900 3,660 9,600 7 Cash 8 Accounts receivable 9 Prepaid rent 10 Equipment 11 Accounts payable 12 Toni Trenton, capital 13 Toni Trenton, withdrawals 14 Consulting fees earned 15 Wages expense 16 Insurance expense 17 Rent expense 18 Totals ,730 26,650 6,880 30,200 24,920 1,620 8,320 58,580 58,580