Last Stop Truckstop has completed all of its journal entries for the month of June 2019, and posted them to the general ledger. An unadjusted trial balance has been prepared. The following adjustments must be made.

Jun 30	The amount of prepaid insurance is for 12 months; one month has been used.
Jun 30	Depreciation for the month on equipment was $160.
Jun 30	Unearned revenue of $570 has now been earned.
Jun 30	Work was performed for $940 which will be collected next month.

Required

a) Using the following unadjusted trial balance, complete the adjustments and the adjusted trial balance in the worksheet.

Do not enter dollar signs or commas in the input boxes.

Select the proper order for the headings of the worksheet.

AnswerLast Stop TruckstopJune 30, 2019Worksheet AnswerLast Stop TruckstopJune 30, 2019Worksheet AnswerLast Stop TruckstopJune 30, 2019Worksheet
	Unadjusted Trial Balance		Adjustments		Adjusted Trial Balance
Account	DR	CR	DR	CR	DR	CR
Cash	5,890		Answer	Answer	Answer	Answer
Accounts Receivable	1,590		Answer	Answer	Answer	Answer
Prepaid Insurance	3,600		Answer	Answer	Answer	Answer
Equipment	10,000		Answer	Answer	Answer	Answer
Accumulated Depreciation			Answer	Answer	Answer	Answer
Accounts Payable		3,940	Answer	Answer	Answer	Answer
Unearned Revenue		2,690	Answer	Answer	Answer	Answer
Bank Loan		4,070	Answer	Answer	Answer	Answer
Roberts, Capital		8,060	Answer	Answer	Answer	Answer
Roberts, Withdrawals	1,010		Answer	Answer	Answer	Answer
Service Revenue		5,270	Answer	Answer	Answer	Answer
Depreciation Expense			Answer	Answer	Answer	Answer
Insurance Expense			Answer	Answer	Answer	Answer
Interest Expense	30		Answer	Answer	Answer	Answer
Rent Expense	1,910		Answer	Answer	Answer	Answer
Total	24,030	24,030	Answer	Answer	Answer	Answer

b) Prepare the journal entries for the above transactions.

Date	Account Title and Explanation	Debit	Credit
2019
Jun 30	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentInsurance ExpenseInterest ExpensePrepaid InsuranceRent ExpenseRoberts, CapitalRoberts, WithdrawalsService RevenueUnearned Revenue	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentInsurance ExpenseInterest ExpensePrepaid InsuranceRent ExpenseRoberts, CapitalRoberts, WithdrawalsService RevenueUnearned Revenue		Answer
	Expense one month of insurance
Jun 30	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentInsurance ExpenseInterest ExpensePrepaid InsuranceRent ExpenseRoberts, CapitalRoberts, WithdrawalsService RevenueUnearned Revenue	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentInsurance ExpenseInterest ExpensePrepaid InsuranceRent ExpenseRoberts, CapitalRoberts, WithdrawalsService RevenueUnearned Revenue		Answer
	Depreciate Equipment
Jun 30	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentInsurance ExpenseInterest ExpensePrepaid InsuranceRent ExpenseRoberts, CapitalRoberts, WithdrawalsService RevenueUnearned Revenue	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentInsurance ExpenseInterest ExpensePrepaid InsuranceRent ExpenseRoberts, CapitalRoberts, WithdrawalsService RevenueUnearned Revenue		Answer
	Earned revenue
Jun 30	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentInsurance ExpenseInterest ExpensePrepaid InsuranceRent ExpenseRoberts, CapitalRoberts, WithdrawalsService RevenueUnearned Revenue	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentInsurance ExpenseInterest ExpensePrepaid InsuranceRent ExpenseRoberts, CapitalRoberts, WithdrawalsService RevenueUnearned Revenue		Answer
	To accrue service revenue