16.5 /50 Question 5 of 5 Len Joseph started his own consulting firm. Joseph Consulting an June 1 2022. The trial balance at June 30 is as follows. JOSEPH CONSULTING Trial Balance June 30, 2022 Debit Credit Cash $ 6.850 Accounts Receivable 7.600 Supplies 1972 Prepaid Insurance 3.300 Equipment 15.000 Accounts Payable $ 4 250 Unearned Service Revenue 5,200 Common Stock 21 972 Service Revenue 8.300 Salaries and Wages Expense 4.000 Rent Expense 1 600 $39.722 $39.722 In addition to those accounts listed on the trial balance. the chart of accounts for Joseph also contains the following accounts Accumulated Depreciation- Equipment Salaries and Wages Payable. Depreciation Expense Insurance Expense Utilities Expense and Supplies Expense. Other data LAWNP Supplies on hand at June 30 total $720, Autility bill for $220 has not been recorded and will not be paid until next month. The insurance policy is for a year Services were performed for $4.230 of unearned service revenue by the end of the month Salaries of $1 310 arg accrued at june 30. The equipment has a S- year life with no salvage value and is being depreciated at $250 per month for 60 months. Invoices representing $4.280 of services performed by Joseph during the month have not been recorded as of June 30 (a) Your answer is correct Prepare the adjusting entries for the month of June. (If no entry is required, select "No Entry" for the account titles and enter @ for the amounts. Credit account titles are outomatically indented when the amount is entered. Do not indent manually.) 118936222 34127_jpg 118309945_34532..png ~ 119031425_94899..jpg 118796951 67339...jpg DELLQuestion 5 of 5 Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Insurance Expense Utilities Expense Supplies Expense 8936222_34127...jpg 118309945_34532....png 119031425 94899.. .jpg 178796951 67339...j DELLQuestion 5 of 5 16.5 / 50= Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances. (Use T- Accounts.) (Post entries in the order of journal entries presented in the previous question.) Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Service Revenue 222 34127-jpg 118309945_34532....png~ 119031425_94899...jpg 118796951_67339....jpg DELL16.5 / 50 (a) Your answer is correct Prepare the adjusting entries for the month of June (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Account Titles and Explanation Debit Credit 1 Supplies Expense 1252 Supplies 125 2. Utilities Expense Accounts Payable 3. Insurance Expense 275 Prepaid Insurance Unearned Service Revenue 4230 Service Revenue 5 Salaries and Wages Expense 1310 Salaries and Wages Payable 1310 6 Depreciation Expense 250 Accumulated Depreciation-Equipment 7 Accounts Receivable Service Revenue 4280 e Textbook and Media List of Accounts Attempts: 1 of 3 used (b) 222_34127..jpg 118309945_34532....png 1 19031425_94899..jpg 118796951_67339...jpg DELL
