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Jordon James started JJJ Consulting on January 1.  The following are the account balances at the end...

Jordon James started JJJ Consulting on January 1.  The following are the account balances at the end of the first month of business, before adjusting entries were recorded:

Accounts Payable

$ 1,300

Accounts Receivable

1,750

Cash

6,300

Consulting Revenue

  4,925

Equipment

  7,000

Owner's Capital

15,000

Owner's Drawing

1,375

Prepaid Rent

4,000

Supplies  

800

​Adjustment data:

Supplies on hand at the end of the month, $200

Unbilled consulting revenue, $700
Rent expense for the month, $1,000
Depreciation on equipment, $170

What is the total dollar amount of the debit and credit columns in the adjusted trial balance? (do not use $ sign)..

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Answer #1
Adjusted Trial Balance
Debit Balances Credit Balances
Cash 6300
Accounts Receivable 2450 =1750+700
Supplies 200
Prepaid Rent 3000 =4000-1000
Equipment 7000
Accumulated Depreciation -Equipment 170
Accounts Payable 1300
Jacki Lopez, Capital 15000
Jacki Lopez, Drawing 1375
Consulting Revenue 5625 =4925+700
Depreciation Expense 170
Rent Expense 1000
Supplies Expense 600 =800-200
Totals 22095 22095
Total dollar amount of the debit and credit columns 22095
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