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assignment 4c q8 - Assignment 4-C REQUIRED Question 8 of 9 0.53/4 View Policies Show Attempt History Current Attempt in Progress Len Chris started his
assignment 4c q8
- Assignment 4-C REQUIRED Question 8 of 9 0.53/4 View Policies Show Attempt History Current Attempt in Progress Len Chris started his own consulting firm, Chris Consulting, on June 1.2022. The trial balance at June 30 is as follows. CHRIS CONSULTING Trial Balance June 30, 2022 Debit Credit Cash $ 6,850 7,000 Accounts Receivable Supplies 1.972 Prepaid Insurance 3,420 Equipment 15,000 Accounts Payable $ 4,240 Unearned Service Revenue 5.200 Common Stock 21.972 8.300 Service Revenue Salaries and Wages Expense Rent Expense 4000 1.470 $39.712 $39.712 In addition to those accounts listed on the trial balance, the chart of accounts for Chris also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense. Insurance Expense, Utilities Expense. and Supplies Expense. Other data: 1 Supplies on hand at June 30 total $720. 2 A utility bill for $180 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 $4,190 of unearned service revenue by the end of the month 5. Salaries of $1.290 are accrued at June 30. 6. The equipment has a 5-year life with no salvage value and is being depreciated at $250 per month for 60 months. 7. Invoices representing 54.050 of services performed by Chris during the month have not been recorded as of June 30. (a) Question 8 of 9 0.53/4 Your answer is partially 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 automatically indented when the amount is entered. Do not indent manually) Debit Credit No. Account Titles and Explanation Supplies 1. 720 Supplies Expense 720 2. No Entry No Entry 3. No Entry No Entry Unearned Service Revenue DOMJUA MODODOMA pogododdddddd Cash 5. Salarles and Wages Expense 1290 Accounts Payable 2902 Accumulated Depreciation-Equipment 250 Equipment 250 7. Cash Uneared Service Revenue eTextbook and Media List of Accounts Save for Later Attempts: 1 of 3 used SubmitStep by Step Solution
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