Revenue
Common Stock 22,134
Service Revenue 8,000
Salaries and Wages
Expense 4,000
Rent Expense 1,240
$39,614 $39,614
In addition to those accounts listed on the trial balance, the
chart of accounts for Lumas also contains the following
accounts: Accumulated Depreciation—Equipment, Salaries and
Wages Payable, Depreciation Expense, Insurance Expense,
Utilities Expense, and Supplies Expense.
Other data:
1. Supplies on hand at June 30 total $850.
2. A utility bill for $181 has not been recorded and will not be
paid until next month.
3. The insurance policy is for a year.
4. Services were performed for $4,370 of unearned service
revenue by the end of the month.
5. Salaries of $1,338 are accrued at June 30.
6. The equipment has a 5-year life with no salvage value and is
being depreciated at $250 per month for 60 months.