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ACCOUNTING 1 CHAPTER 3 PROBLEM The unadjusted trial balance for Tara Marie Legal Services at June 30, 2021 is shown below: Tara Marie Legal Services

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ACCOUNTING 1 CHAPTER 3 PROBLEM The unadjusted trial balance for Tara Marie Legal Services at June 30, 2021 is shown below: Tara Marie Legal Services Unadjusted Trial Balance June 30, 2021 Credit $ 3,500 10,400 Acct. # Account Titles Debit 11 Cash $78,600 12 Accounts Receivable 13,300 13 Office Supplies 3,600 14 Prepaid Insurance 4,800 IS Office Equipment 18,000 19 Accumulated Depreciation Office Equipment 22 Accounts Payable 24 Salaries Payable 27 Uncarned Rent Revenue 31 Tara Marie, Capital 32 Tara Marie, Drawing 7.000 41 Legal Services Revenue 51 Rent Revenue 52 Salaries Expense 6,300 53 Rent Expense 5,400 54 Office Supplies Expense 0 55 Depreciation Expense 0 56 Insurance Expense 0 Totals S137,000 15,000 56,600 $1,500 0 $137.000 Other data: a) Office supplies on hand at June 30 total $1,600 b) Expired insurance for the month of June is $1,200. c) Depreciation on the office equipment for June is $500 d) Rent unearned at the end of June is $10,000 e) Accrued salaries at the end of June are $700. f) Legal Services Revenue earned, but unbilled at the end of June is $3,500 51 500 51 52 53 54 55 56 Ivices Kevenie Rent Revenue Salaries Expense Rent Expense Office Supplies Expense Depreciation Expense Insurance Expense Totals 6,300 5.400 0 0 $137,000 $137.000 Other data: a) Office supplies on hand at June 30 total $1,600. b) Expired insurance for the month of June is $1,200. c) Depreciation on the office equipment for June is $500. d) Rent unearned at the end of June is $10,000. e) Accrued salaries at the end of June are $700. f) Legal Services Revenue earned, but unbilled at the end of June is $2,500. Required: 1) Prepare journal entries to record the above adjusting entries. 2) Post the adjusting entries to the general ledger 3) From the general ledger, prepare an adjusted trial balance

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