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LUZON COMPANY Trial Balance For the month Ended March, 2020 Credit Debit $ 40,000 20,000...

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Accounting

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LUZON COMPANY Trial Balance For the month Ended March, 2020 Credit Debit $ 40,000 20,000 5,000 5,100 2,400 60,000 Cash Accounts Receivable Supplies Prepaid rent Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Notes Payable Share Capital-Ordinary Dividends Service Revenue Salaries and Wages Expense Utilities Expense Rent Expense 25,000 10,000 20,000 54,000 1,500 55,000 15,000 5,000 10,000 164,000 164,000 Analysis reveals the following additional data: 1. A physical count of office supplies revealed $1,000 on hand on March 31. 2. A one-year insurance policy was purchased on March 1 for $2,400. 3. A three months' rent was paid in advance on March 1 for $5,100. 4. Office equipment is depreciated for $3,000 per year. 5. The unearned service revenue was earned on March 31. 6. Accrued salaries on March 31 are $ 6,000

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