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asap TOULO G Google Books Len Smith started his own consulting firm, Smith Consulting Inc., on June 1, 2020. The trial balance at June 30
asap TOULO G Google Books Len Smith started his own consulting firm, Smith Consulting Inc., on June 1, 2020. The trial balance at June 30 is as follows. 03:17:53 SMITH CONSULTING INC. Trial Balance June 30, 2020 Debit Credit Cash $ 6,900 Accounts receivable 6,950 Supplies 2,010 Prepaid insurance 2,700 Equipment 18,360 Accounts payable $ 4,180 Unearned revenue 5,100 Common shares 25,160 Service revenue 8.400 Salaries and wages expense 3.900 Rent expense 2.020 $42,840 $42,840 In addition to those accounts listed on the trial balance, the chart of accounts for Smith also contains the following accounts. Accumulated Depreciation Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense. Utilities Expense, and Supplies Expense Other data $ 4 % 5 & 7 3 6 9 8 E R Y U 0 Salaries and wages expense Rent expense 3,900 2,020 $42,840 $42,840 O 03:17:34 Hide In addition to those accounts listed on the trial balance, the chart of accounts for Smith also contains the following accounts: Accumulated Depreciation Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Uellities Expense, and Supplies Expense. Other data: 1. Supplies on hand at June 30 total $710. 2. A utility bill for $175 has not been recorded and will not be paid until next month 3. The insurance policy is for a year. 4. Services were performed for $4,010 of unearned revenue by the end of the month 5. Salaries of $1,260 are accrued at June 30. 6. The equipment has a five-year life with no residual value and is being depreciated at $306 per month for 60 months 7. Invoices representing $3,930 of services performed during the month have not been recorded as of June 30. 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 automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit No. Date 2020 % 3 6 7 8 9 W E R. Y U Account Titles and Explanation Debit Credit No. Date 2020 03:17: 1. June 30 2. 30 3. 30 8 30 6. 30 7. 30 & 3 8 9 4 5 6 a
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