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  3. sam starts sam services limited'on january 1. by j

Sam starts Sam Services Limited'on January 1. By January 31, the trial balance of his...

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Accounting

Sam starts Sam Services Limited'on January 1. By January 31, the trial balance of his business shows the following balances:
\table[[,Debit($),Credit($)],[Cash,15,000,],[Accounts receivable,5,000,],[Supplies,2,000,],[Prepaid insurance,1,200,],[Equipment,25,000,],[Accumulated,,5,000],[depreciation,,],[Accounts payable,,2,400],[Unearned service revenue,20,000,],[Owner's Capital,2,000,],[Owner's drawings,,31,000],[Service revenue,15,000,],[Salaries expense,12,000,],[Rent expense,77,200,77,200]]
Additional Data:
a) A physical count of supplies indicates only $600 of supplies are on hand at 31 January.
b) Depreciation on the equipment for the month is $2,500.
c) $1,200 of the unearned service revenue has been earned by month-end.
d) Salaries of $1,000 for January have not been recorded or paid.
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