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I got the adjusting entries for June i just need B and C P4.2 (LO 2, 3, 4), AP Len Kumar started his own consulting
I got the adjusting entries for June i just need B and C
P4.2 (LO 2, 3, 4), AP Len Kumar started his own consulting firm, Kumar Consulting, on June 1, 2025. The trial balance at June 30 is as follows. Prepare adjusting entriles, pout bo ledger actownts, and prepare adjusted trial balance. Excel In addition to those accounts listed on the trial balance, the chart of accounts for Kumar also contains the following accounts: Accumulated Depreciation-Equipenent, Salaries and Wages Fayable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. Supplies on hand at June 10 total 5720. 2. A utility bill for 5180 has not been recorded and will not be paid until next month. 3. The insurance policy is for a year: 4. Services were performed for $4,100 of unearned service revenue by the end of the month. 5. Salaries of $1,250 are accrued at June 30. 6. The equipment has a 5year life with no salvage value and is being depreciated at $250 per month for 60 months: 7. Invoices representing 53,900 of services performed by Kurnar during the month have not been recorded as of June 30 Instructions a. Prepare the adjusting eatries for the month of June. b. Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning b. Service rev, account balances. (Use Traccounts) c. Prepare an adjusted irial balance at fune 30,2025 . c. Tot. adf trial balance $45,3} Step by Step Solution
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