Maquoketa

[logistic_guy]

Owners's Capital​

Debit​	Credit​
​	40,000​
\(\displaystyle \textcolor{white}{***********}\)​	End Balance \(\displaystyle \textcolor{blue}{\$ 40,000}\)​

 

[logistic_guy]

Prepaid Rent​

Debit​	Credit​
24,000​	​
End Balance \(\displaystyle \textcolor{blue}{24,000}\)​	\(\displaystyle \textcolor{white}{***********}\)​

 

[logistic_guy]

Furniture and Equipment​

Debit​	Credit​
30,000​	​
End Balance \(\displaystyle \textcolor{blue}{30,000}\)​	\(\displaystyle \textcolor{white}{***********}\)​

 

[logistic_guy]

Accounts Payable​

Debit​	Credit​
400​	20,000​
	1,500​
\(\displaystyle \textcolor{white}{***********}\)​	End Balance \(\displaystyle \textcolor{blue}{\$ 21,100}\)​

 

[logistic_guy]

Service Revenue​

Debit​	Credit​
​	20,000​
\(\displaystyle \textcolor{white}{***********}\)​	End Balance \(\displaystyle \textcolor{blue}{\$ 20,000}\)​

 

[logistic_guy]

Utilities Expense​

Debit​	Credit​
380​	​
End Balance \(\displaystyle \textcolor{blue}{\$ 380}\)​	\(\displaystyle \textcolor{white}{***********}\)​

 

[logistic_guy]

Utilities Payable​

Debit​	Credit​
​	380​
\(\displaystyle \textcolor{white}{***********}\)​	End Balance \(\displaystyle \textcolor{blue}{\$ 380}\)​

 

[logistic_guy]

Salaries and Wages Expense​

Debit​	Credit​
6,100​	​
End Balance \(\displaystyle \textcolor{blue}{\$ 6,100}\)​	\(\displaystyle \textcolor{white}{***********}\)​

 

[logistic_guy]

\(\displaystyle \bold{(c)}\) Prepare a \(\displaystyle \text{trial balance}\) as of May \(\displaystyle 31, 2017\).

Date​	Account​	Debit​	Credit​
31 May​	Cash​	8,280​	​
​	Accounts Receivable​	9,000​	​
​	Office Supplies​	1,920​	​
​	Prepaid Insurance​	1,800​	​
​	Prepaid Rent​	24,000​	​
​	Furniture and Equipment​	30,000​	​
​	Accounts Payable​	​	21,100​
​	Utilities Payable​	​	380​
​	Owner's Capital​	​	40,000​
​	Service Revenue​	​	20,000​
​	Salaries and Wages Expense​	6,100​	​
​	Utilities Expense​	380​	​
\(\displaystyle \textcolor{red}{\bold{Total}}\)​	​	\(\displaystyle \textcolor{blue}{\bold{\$81,480}}\)​	\(\displaystyle \textcolor{green}{\bold{\$81,480}}\)​