TRENTON CONSULTING Work Sheet For Year Ended June 30, 2020 Adjustments Ad usted Trial Balance Debit Credit Debit Credit Income Statement Deba Credit Account Cash Accounts receivable Prepaid rent Equipment Accounts payable Toni Trenton capital Toni Trenton withdrawals Consulting revenue Wages expense Insurance expense Rent expense Unadjusted Trial Debit Credit 680 2.900 3,660 9,600 1,730 26.650 5,880 30 200 24.920 1.620 8 320 58 580 58.580 Problem 4-2A Completing a work sheet L01 excel CHECK FIGURE: 3. Adjusted trial balance columns = $67.380 The June 30, 2020, unadjusted trial balance for Trenton Consulting after its first year of operations follows: 0 UNP Trenton Consulting Trial Balance.xlsx Home Page Layout Form Dute View P18 B Trenton Consulting Unadjusted Trial Balance 3 June 30, 2020 Unadjusted 5 Trial Balance 6 Account Dr. Cr. 7 Cash 680 8 Accounts receivable 2.900 9 Prepaid rent 3,660 10 Equipment 9,600 11 Accounts payable 1,730 12 Toni Trenton, capital 26,650 13 Toni Trenton, withdrawals 6.880 14 Consulting revenue 30,200 15 Wages expense 24,920 16 Insurance expense 1.620 17 Rent expense 8,320 18 Totals 58,580 58,580 Required 1. Enter the unadjusted trial balance onto a work sheet. 2. Using the following additional information, enter the adjustments onto the work sheet: a. Annual depreciation on the equipment is $1,500. b. The balance in the Prepaid Rent account is for six months of rent commencing March 1, 2020. c. Unpaid and unrecorded wages at June 30 totalled $3,200. d. Accrued revenues at June 30 totalled $4,100, 3. Complete the work sheet. 4. Calculate the balance in the capital account as it would appear on the June 30, 2020, balance sheet. Analysis Component: What effect does a loss have on the accounting equation