ABC consulting began operations as a private investigator on January 1, 2020. The trial balance columns of the worksheet at March 31 are as follows
Other data:
1. Supplies on hand total $480.
ABC consulting
Worksheet
For the Quarter Ended March 31, 2020
adjustment
Dr.
Cr.
adjusted trial balance Income statement balance sheet
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
trail balance
Account Titles
Dr.
Cr.
Cash
$11,410
Accounts Receivable
5,920
Supplies
1,250
Prepaid Insurance
2,400
Equipment
30,000
Notes Payable
$10,000
Accounts Payable
12,350
Capital
20,000
Utility expense
600
Service Revenue
14,200
Salaries and Wages Expense
2,240
Travel Expense
1,300
Rent Expense
1,200
Miscellaneous Expense
230
Total
$56,550 $56,550
2. Depreciation is $720 per quarter.
3. Insurance expires at the rate of $200 per month.
Requirement:
Complete the worksheet.