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Len Daniel started his own consulting firm, Daniel Consulting, on June 1, 2022. The trial balance at June 30 is as follows. DANIEL CONSULTING Trial

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Len Daniel started his own consulting firm, Daniel Consulting, on June 1, 2022. The trial balance at June 30 is as follows. DANIEL CONSULTING Trial Balance June 30, 2022 Credit Debit $6,850 7.000 1,982 3,480 15.000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,250 5.200 21.982 8,300 4,000 1.420 $39.732 $39.732 In addition to those accounts listed on the trial balance, the chart of accounts for Daniel 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. 5. 6. 7. 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 $4,270 of unearned service revenue by the end of the month Salaries of $1,350 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 $4.110 of services performed by Daniel during the month have not been recorded as of June 30. 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. Supplies Expense 1262 Supplies 1262 2 Utilities Expense 210 Accounts Payable 210 3 Insurance Expense 230 Prepaid Insurance 230 Unearned Service Revenue 4100 Service Revenue 4100 5. Salaries and Wages Expense 1420 Salaries and Wages Payable 1420 6. Depreciation Expense 250 Accumulated Depreciation Equipment 250 7 Accounts Receivable 1.1 . 4090 Service Revenue 4090

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