Len Brian started his own consulting firm, Brian Consulting, on June 1, 2022. The trial balance at June 30 is as follows. BRIAN CONSULTING Trial Balance June 30, 2022 Debit Credit Cash $ 6.850 7.000 1.972 Accounts Receivable Supplies Prepaid Insurance Equipment 3.960 15,000 Accounts Payable $ 4,230 5.200 21,972 Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense 8,300 4,000 920 $ 39,702 $ 39,702 In addition to those accounts listed on the trial balance, the chart of accounts for Brian also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. 2. 3. 4. Supplies on hand at June 30 total $ 720. A utility bill for $ 240 has not been recorded and will not be paid until next month The insurance policy is for a year. Services were performed for $4.400 of unearned service revenue by the end of the month Salaries of $ 1.430 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 $4.320 of services performed by Brian 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 enter 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 2. 3. 4 5. 6. 7. The trial balances shown below are before and after adjustment for Carla Vista Co.at the end of its fiscal year. CARLA VISTA CO. Trial Balance August 31, 2022 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $ 11.890 $ 11,890 9,070 9.680 2.820 820 Accounts Receivable Supplies Prepaid Insurance Equipment 4220 2.900 15,800 15,800 Accumulated Depreciation Equipment 3,555 4.755 5,470 5.470 0 1,530 1,840 980 13,590 13.590 5,010 5,010 2,640 2,640 Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense 34.000 34,610 12.120 12,980 16,320 17,850 0 2.000 12,825 12,825 0 1,320 1.200 $ $ 75.585 $ 78.925 78.923 $ 78.925 75,585 Prepare the adjusting entries that were made. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Aug. 31 (To record the service revenue) Aug. 31 (To record the supplies expense) Aug. 31 (To record the insurance expense) Aug. 31 (To record depreciation expense) Aug. 31 (To record salaries and wages expense) Aug. 31 1 (To record rent revenue)
