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LG 26-3.
Pham Company Trial Balance June 30, 2008 Account Dr. Cr.     Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 85,690         Accounts receivable . . . . . . . . . . . . . . . . . . . .    9,100       Office supplies.. . . . . . . . . . . . . . . . . . . . . . . .       950       Computer supplies . . . . . . . . . . . . . . . . . . . . .    1,800       Prepaid rent. . . . . . . . . . . . . . . . . . . . . . . . . . .    5,500       Office equipment. . . . . . . . . . . . . . . . . . . . . . .  10,000       Computer equipment . . . . . . . . . . . . . . . . . . .  17,800       Accounts payable. . . . . . . . . . . . . . . . . . . . . .   $ 785     Unearned revenue . . . . . . . . . . . . . . . . . . . . . .   7,000    Wages payable . . . . . . . . . . . . . . . . . . . . . . . . .   4,100     Notes payable. .. . . . . . . . . . . . . . . . . . . . . . . .   7,000     Hoan Pham, capital . . . . . . . . . . . . . . . . . . . . .   106,000         Hoan Pham, withdrawals. . . . . . . . . . . . . . . . .  2,000       Service revenue . . . . . . . . . . . . . . . . . . . . . . . .     18,600         Rent expense . . . . . . . . . . . . . . . . . . . . . . . . . .  2,200       Wages expense . . . . . . . . . . . . . . . . . . . . . . . . .  4,100       Travel expense. . . . . . . . . . . . . . . . . . . . . . . . .     190       Insurance expense. . . . . . . . . . . . . . . . . . . . . . .     500       Supplies expense. . . . . . . . . . . . . . . . . . . . . . . .     440       Internet expense.. . . . . . . . . . . . . . . . . . . . . . . .    3,215
	Note: Before you can prepare the trial balance, you first have to correctly calculate the account balances by applying the debit and credit rules for increases and decreases.

S4

Section V · Using a Basic Accounting System

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