Deanna Nardelli started her own consulting firm Nardelli Con

Deanna Nardelli started her own consulting firm, Nardelli Consulting, on May 1, 2017. The trial balance at May 31 is as follows Exercise 3- roblem 3-1A (Par eview Score eview Results by Study bjective le Site NARDELLI CONSULTING Trial Balance May 31, 2017 Account Number 101 Debit Credit 126 130 149 201 209 Cash Accounts Receivable Supplies Prepaid Insurance 4,400 6,000 2,300 2,400 11,400 Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense 4,700 1,900 16,000 8,300 400 726 729 3,300 1,100 30,900 $30,900

Solution

1 Supplies expense 1300          Supplies 1300 2 Utilities expense 300          Accounts payable 300 3 Insurance expense 200 (2400/12)          Prepaid insurance 200 4 Unearned service revenue 1600           Service revenue 1600 5 Salaries and wages expense 1320 (660*2)           Salaries and wages payable 1320 6 Depreciation expense 190           Accumulated depreciation equipment 190 7 Accounts receivable 1600            Service revenue 1600