assignment 4c q8
Assignment 4-C REQUIRED Question 8 of 9 2.06/4 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 Accounts Receivable 7,000 Supplies 1.972 Prepaid Insurance 3,420 15,000 Equipment Accounts Payable Unearned Service Revenue $ 4240 5.200 Common Stock 21.972 8,300 Service Revenue Salaries and Wages Expense 4,000 Rent Expense 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. 2 Supplies on hand at June 30 total 5720 A utility bill for $180 has not been recorded and will not be paid until next month A The insurance policy is for a year. . Services were performed for $4,190 of unearned service revenue by the end of the month. 3. 4 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. Invoices representing $4.050 of services performed by Chris during the month have not been recorded as of June 30. 7. (a) Your answer is correct, Your answer is com ris 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.) No. Account Titles and Explanation Debit Credit 1 Supplies Expense 1252 Supplies 1252 2 Utilities Expense 180 Accounts Payable 180 3. Insurance Expense 285 Prepald Insurance 285 4. Uneamed Service Revenue 4190 Dagdagdag NOTE Service Revenue 4190 5. Salarles and Wages Expense 1290 Salaries and Wages Payable 1290 6. Depreciation Expense 250 Accumulated Depreciation Equipment 250 7. Accounts Receivable 4050 Service Revenue eTextbook and Media List of Accounts Attempts: 2 of 3 used Your Answer Correct Answer (Used) Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account ba Accounts.) (Post entries in the order of journal entries presented in the previous question.) Cash 6/30 Bal. 6,850 Accounts Receivable 6/30 Bal. 7,000 6/30 4,050 6/30 Bal. 11,050 Supplies 6/30 Bal. 1.972 6/30 1.252 6/30 BAL 720 Prepaid Insurance 6/30 Bal 3,420 6/30 28s 6/30 Bal. 3,135 Equipment 6/30 Bal 15,000 Accumulated Depreciation Equipment 6/30 250 6/30 Bal. 250 Accounts Payable 6/30 Bal. 4.240 6.30 180 6/30 Bal. 4.420 Salaries and Wages Payable 6/30 1,290 6/30 Bal. 1,290 Unearned Service Revenue 6/30 4.190 6/30 Bal. 5.200 6/30 Bal. 1,010 Common Stock 6/30 Bal. 21,972 Service Revenue 6/30 Bal 8.300 6/30 4190 6/30 4,050 6/30 Bal 16.540 Salaries and Wages Expense 6/30 Bal 4,000 6/30 1.290 6/30 Bel 5,290 Rent Expense 6/30 Bal 1.470 Depreciation Expense 6/30 250 6/30 Bal. 250 Insurance Expense 6/30 V 285 6/30 Bal. 285 Utilities Expense 6/30 180 6/30 Bal. 180 Supplies Expense 6/30 V 1.252 V 6/30 Bal. 1.252 (c) Prepare an adjusted trial balance at June 30, 2022 CHRIS CONSULTING Adjusted Trial Balance Debit Credit $ S S $ e Textbook and Media
