Credit KUMAR CONSULTING Trial Balance June 30, 2017 Debit Cash $ 6,850 Accounts Receivable 7,000 Supplies 1.977 2.640 15.000 $ 4,235 5.200 Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense 21.977 8,300 4,000 2.245 $ 39,712 $ 39,712 In addition to those accounts listed on the trial balance, the chart of accounts for Kumar 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. 3. 4 Supplies on hand at June 30 total $ 720. A utility bill for $ 250 has not been recorded and will not be paid until next month. The insurance policy is for a year. Services were performed for $4,220 of unearned service revenue by the end of the month. Salaries of $ 1.380 are accrued at June 30. The equipment has a 5-year life with no salvage value and is being depreciated at $ 250 per month for 60 months. Invoices representing $ 4.250 of services performed during the month have not been recorded as of June 30. 5. 6. 7. 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 1280 Supplies 1280 2. Utilities Expense 180 Accounts Payable 180 3. Insurance Expense 240 Prepaid Insurance 240 4 Unearned Service Revenue 4100 Service Revenue 4100 5. Salaries and Wages Expense 1250 Salaries and Wages Payable 1250 6. Depreciation Expense 250 Accumulated Depreciation Equipment 250 7. Accounts Receivable 3900 Service Revenue 3900