A group of students from City Techs Hospitality Management Program invested and opened, Catering for Any Occasion, an off-premise catering business on June 1, 2021. The trial balance for the first month of business follows.

Instructions a) Enter the totals from the trial balance as beginning account balances in the general ledger, and place a check mark in the posting reference column. See the cash account in the general ledger as an example. b) Prepare the adjusting entries for the month of June (see other data below). Use J3 as the page number for your journal. c) Post the adjusting entries to the ledger accounts. d) Prepare an adjusted trial balance at June 30, 2021.

Other data: 1. $1200 of supplies has been used during the month. 2. A utility bill for $600 has not been recorded and will not be paid until next month. 3. The insurance policy is for two years. 4. $3,000 of unearned service revenue has been earned at the end of the month. 5. Salaries of $3600 are accrued at June 30. 6. The Kitchen equipment has a five-year life with no salvage value. It is being depreciated at $200 per month for 60 months. 7. Invoices representing $2,500 of services performed during the month have not been recorded as of June 30

Trial Balance Catering for All Occasions Trial Balance 30-Jun-21 Credit $ Account Number 101 110 120 130 135 200 230 311 320 400 510 520 Debit 9,600 4,000 2,400 3,000 21,000 Cash Accounts Receivable Prepaid Insurance Supplies Kitchen Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense $ 6,000 5,000 28,000 0 6,000 4,000 1,000 45,000 45,000 General Journal General Journal J3 Credit Ref. Debit Date 2021 Account Titles and Explanation Adjusting Entries 560 June 30 Supplies Expense Supplies 130 June 30 Utilites Expense Utilities Payable 550 210 June 30 Insurance Expense Prepaid Insurance 540 120 June 30 Unearned Revenue Service Revenue 230 400 June 30 Salaries Expense Salaries Payable 510 220 June 30 Depreciation Expense --- Kitch.Equip Accumulated Depreciation --- Kitch.Equip 530 136 June 30 Accounts Receivable Service Revenue 110 400