For this assignment, you are required to present the nine correct journal entries in an Excel spreadsheet.
Assignment Template
Linda Ace started her own consulting firm, Modine Consulting, on May 1, 2008. The trial balance at May 31 is as detailed below.
MODINE CONSULTING
Trial Balance
May 31, 2008
Account
Number
Debit
Credit
101
Cash
$7,700
112
Accounts Receivable
4,000
126
Supplies
1,500
130
Prepaid Insurance
4,800
149
Office Furniture
9,600
201
Accounts Payable
$3,500
209
Unearned Service Revenue
3,000
301
L. Ace, Capital
19,100
400
Service Revenue
6,000
726
Salaries Expense
3,000
729
Rent Expense
1,000
Last Completed Projects
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