PROBLEM 4-2A

(a) 1. June 31
2.
3.
4.
5.
6.

7.

31
31
31
31
31

31

Supplies Expense ...................................

Supplies ($2,600 $1,050) ..............

1,280

Utilities Expense .....................................

Account Payable .............................

180

Insurance Expense ................................

Prepaid Insurance ...........................

240

Unearned Service Revenue ..................

Service Revenue..............................

4,100

Salaries and Wages Expense ................

Salaries and Wages Payable ..........

1,250

Depreciation Expense ............................

Accumulated Depreciation
Equipment ....................................

250

Account Receivable ................................

Service Revenue..............................

3,900

Copyright 2013 John Wiley & Sons, Inc.

Kimmel, Financial Accounting, 7/e, Solutions Manual

1,280
180
240
4,100
1,250

250

(For Instructor Use Only)

3,900

4-1

(b)

6/30 Bal.

Cash
6,850

Account Receivable
6/30 Bal. 7,000
6/30
3,900
6/30 Bal. 10,900

6/30 Bal.
6/30 Bal.

Supplies
2,000 6/30
720

Prepaid Insurance
6/30 Bal. 2,880 6/30
6/30 Bal.

1,280

240

2,640

Equipment
6/30 Bal. 15,000
Accumulated Depreciation
Equipment
6/30 Bal.
250
Accounts Payable
6/30 Bal.
6/30
6/30 Bal.

4,230
180
4,410

Salaries and Wages Payable

6/30 Bal. 1,250

Copyright 2013 John Wiley & Sons, Inc.

Kimmel, Financial Accounting, 7/e, Solutions Manual

(For Instructor Use Only)

4-2

Unearned Service Revenue

6/30
4,100 6/30 Bal. 5,200
6/30 Bal.

1,100

Common Stock
6/30 Bal. 22,000
Service Revenue
6/30 Bal. 8,300
6/30
4,100
6/30
3,900
6/30 Bal. 16,300
Salaries and Wages Expenses
6/30 Bal. 4,000
6/30
1,250
6/30 Bal. 5,250
Rent Expenses
6/30 Bal. 2,000
Depreciation Expenses
6/30 Bal.
250
Insurance Expenses
6/30 Bal.
240
Utilities Expenses
6/30 Bal.
180
Supplies Expenses
6/30 Bal. 1,280
Copyright 2013 John Wiley & Sons, Inc.

Kimmel, Financial Accounting, 7/e, Solutions Manual

(For Instructor Use Only)

4-3

(c)

LUMAS CONSULTING
Adjusted Trial Balance
June 30, 2014
Cash ....................................................................
Accounts Receivable .........................................
Supplies ..............................................................
Prepaid Insurance ..............................................
Equipment ..........................................................
Accumulated DepreciationEquipment ..........
Accounts Payable ..............................................
Unearned Service Revenue ...............................
Salaries and Wages Payable .............................
Common Stock ..................................................
Service Revenue ................................................
Salaries and Wages Expense ............................
Rent Expense .....................................................
Depreciation Expense .......................................
Insurance Expense ............................................
Utilities Expense ................................................
Supplies Expense ..............................................

Copyright 2013 John Wiley & Sons, Inc.

Debit
$ 6,850
10,900
720
2,640
15,000

Credit

5,250
2,000
250
240
180
1,280
$45,310

Kimmel, Financial Accounting, 7/e, Solutions Manual

250
4,410
1,100
1,250
22,000
16,300

$45,310

(For Instructor Use Only)

4-4