Current Attempt in Progress Len Kumar started his own consulting firm, Kumar Consulting, on June 1, 2017. The trial balance at June 30 as follows. Credit KUMAR CONSULTING Trial Balance June 30, 2017 Debit Cash $6,850 Accounts Receivable 7.000 Supplies 1,982 Prepaid Insurance 2,640 Equipment 15,000 Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense 4,000 Rent Expense 2,265 $39,737 $ 4,255 5,200 21,982 8,300 $39.737 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. 5. Supplies on hand at June 30 total $720. A utility bill for $240 has not been recorded and will not be paid until next month. The insurance policy is for a year. Services were performed for $4.190 of unearned service revenue by the end of the month. Salaries of $1,250 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 $4,080 of services performed during the month have not been recorded as of June 30. 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 O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Cres No. Account Titles and Explanation 1. 30-June 2017. Supply Expense 1.262 1982-720 2. 3. 4 5. 6. 7. 7. eTextbook and Media List of Accounts Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances. (Use T-Accounts.) (Post entries in the order of journal entries presented in the previous question.) Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Depreciation Expense Insurance Expense Utilities Expense Supplies Expense e Textbook and Media List of Accounts Prepare an adjusted trial balance at June 30, 2017. KUMAR CONSULTING Adjusted Trial Balance Debit Credit $ Prepare an adjusted trial balance at June 30, 2017. KUMAR CONSULTING Adjusted Trial Balance Debit Credit $ S