Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Current Attempt in Progress Leri Chels started his own consultine firm, Chris Consulting on June 1,2022. The trial balance at June 30 has follows. In

image text in transcribed
image text in transcribed
Current Attempt in Progress Leri Chels started his own consultine firm, Chris Consulting on June 1,2022. The trial balance at June 30 has follows. 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 Pavable, 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 polley is for a year. 4. Services were performed for $4,190 of unearned service revenue by the end of the month. 5. Salories of $1,290 are accrued at June 30 . 6. The equjpment has a 5 year life with no salvage value and is being depreciated at $250 per month for 60 months. 7. Invoices representing $4,050 of services performed by Chris during the month have not been recorded as of June 30 . Prepare an adjusted trial balance at fune 30, 2022. eTextbook and Medla

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions