Deborah Consultants had the following accounts and account balances after adjusting entries. Assume all accounts have normal balances
Calculate the amount of service revenue and prepare the adjusted trial balance for Deborah Consultants as of December 31, 2017.
Cash $6,000 Dividends $3,000
Accounts Receivable 2,000 Service Revenue ?
Office Supplies 1,800 Salaries Expense 4,000
Equipment 15,000 Rent Expense 800
Accumulated Depreciation- 9,000 Depreciation Expense- 1,500
Equipment Equipment
Common Stock 15,000 Supplies Expense 500
What will be an ideal response
Deborah Consultants
Adjusted Trial Balance
December 31, 2017
Balance
Account Title Debit Credit
Cash $ 6,000
Accounts Receivable 2,000
Office Supplies 1,800
Equipment 15,000
Accumulated Depreciation—Equipment $ 9,000
Common Stock 15,000
Dividends 3,000
Service Revenue 10,600
Salaries Expense 4,000
Rent Expense 800
Depreciation Expense—Equipment 1,500
Supplies Expense 500 _______
Total $34,600 $34,600
Service Revenue = $34,600 - $9,000 - $15,000 = $10,600
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