DONALD CONSULTING Trial Balance June 30, 2022 Debit Credit Cash $ 6,850 Accounts Receivable 7,000 Supplies 2,007 Prepaid Insurance 3,660 Equipment 15,000 Accounts Payable $ 4,225 Unearned Service Revenue 5,200 Common Stock 22,007 Service Revenue 8,300 Salaries and Wages Expense 4,000 Rent Expense 1,215 $ 39.732 39,732 In addition to those accounts listed on the trial balance, the chart of accounts for Donald also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense Utilities Expense, and Supplies Expense. Other data: 1. Supplies on hand at June 30 total $ 720. 2. 3. 4. Autility bill for $ 270 has not been recorded and will not be paid until next month. The insurance policy is for a year. Services were performed for $4,320 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 $ 4,240 of services performed by Donald 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 entero 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 1287 Supplies 1287 2. Utilities Expense 270 Accounts Payable 270 3. Insurance Expense 305 Prepaid insurance 305 4 Unearned Service Revenue 4320 Service Revenue 4320 5 Salaries and Wages Expense 1250 Salaries and Wages Payable 1250 6. Depreciation Expense 250 Accumulated Depreciation Equipment 250 7. Accounts Receivable 4240 Service Revenue 4240 Attempts: unlimited (b) 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 Accounts Payable Salaries and Wages Payable Unearned Service Revenue > Common Stock Service Revenue