BROTHERS T

Trial balance as at 30 june 2019

Debit

credit

Cash

$9 480

Accounts Receivable

3 150

Prepaid Insurance

2 520

Supplies

2 350

Office Equipment

22 500

Accounts Payable

$1 550

Service Revenue Received in Advance

1 500

Share Capital

20 000

Service Revenue

25 495

Salaries Expense

3 295

Rent Expense

5 250

Total

$48 545

$48 545

Other data:

1-Supplies on hand at 30 June total $490.

2-An electricity bill for $110 has not been recorded and will not be paid until next month.

3-The insurance policy is for a year, commencing 1 February 2019.

4-Services were performed during the period in relation to $800 of Revenue Received in Advance.

5-Salaries of $770 are owed at 30 June.

6-The office equipment has a 5-year life with no resale value and is being depreciated at $375 per month for 60 months.

7-Invoices representing $1500 of services performed during the month have not been recorded as of 30 June.

Required:

Prepare the adjusting entries for the month of June.