Anthony Walker started his own consulting firm, Walker Consulting, on June 1.2022. The June transactions resulted in a tabular summary, with June 30 unadjusted balances shown here. Assets Liabilities Stockholders' Equity s + Prepd. + Equip. Insur. Acc. Depr. Equip. Accts. Pay. + Unearn. Serv. Rev. + Sal./Wages Pay. + + Com Stock Retained Earnings Rev. Exp. Div 0 + 3,264 + 18,000 0 = 5,084 + 6,240 + 0 + 26,400 + 9.960 7.400 0 Record adjustments for the month of June that reflect the following data. Provide explanations for specific revenue and expense accounts in the right-most column. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) 1. 2 3. Supplies on hand at June 30 total $ 856 A utility bill for $ 224 has not been recorded and will not be paid until next month. The insurance policy is for a year. Services were performed for $4,920 of unearned service revenue by the end of the month. Salaries of $ 1.500 are accrued at June 30. 4. 5. 6. The equipment has a 5-year life with no salvage value and is being depreciated at $ 300 per month for 60 months. Invoices representing $ 4,680 of services performed during the month have not been recorded as of June 30, 7. Assets Cash Accts. Rec Prepd. Insur. Supplies Bal 8,220 8.400 2.400 3,2 1 3. 5. Prepd. Insur. Equip Acc. Depr- Equip. Accts. Pay. 3.264 18,000 0 5,084 Liabilities Stoci Unearn. Serv. Rev. Sal./Wages Pay. Com Stock Rev. 084 6,240 0 26.400 9.5 Stockholders' Equity Retained Earnings Rev. Exp. Div 9,960 -7,400 Salaries & Wages Expense Depreciation Expense Insurance Expense Supplies Expense Service Revenue Utilities Expense 1 2. 3. 4. 5. 6. 7 Totals 2.400 3.264 18,000 Rev. Exp. . Dlv 9.960 - 7.400 5.084 6,240 O 26,400 |