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Insistent Duct Cleaning Services ended its first month of operations on June 30 of the current year. Some of the unadjusted account halances are as
Insistent Duct Cleaning Services ended its first month of operations on June 30 of the current year. Some of the unadjusted account halances are as follows The following information is also available to perform the month end adjusting journal entries: (1) Utility services used during June were estimated at $796. A bill is expected early in July. (2) Fees earned for services performed but not yet billed on June 30 were $8,470. (3) The service fees of $3,200 includes fees received for services not yet performed as of June 30 for $796 Required 1: What is the amount of Service Fees recognized in the income statement of June 30th? \$ Required 2: What is the amount of Advances from Customers shown on June 30th balance sheet? \$ Required 3: What is the amount of Utilities Expense reported in the Income Statement of June 30th? \$ Required 4: What is the amount of Utilities Payable shown on June 30 th balance sheet? $
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