Len George started his own consulting firm, George Consulting, on June 1, 2022. The trial balance at June 30 is as follows. GEORGE CONSULTING Trial Balance June 30, 2022 Credit Debit $6,850 7.000 1.997 3,720 15,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $4,245 5,200 21.997 8,300 4,000 1,175 $39.742 $39.742 In addition to those accounts listed on the trial balance, the chart of accounts for George also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense. Utilities Expense, and Supplies Expense. In addition to those accounts listed on the trial balance, the chart of accounts for George 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. Supplies on hand at June 30 total $720. A utility bill for $200 has not been recorded and will not be paid until next month. The insurance policy is for a year. Services were performed for $4.240 of unearned service revenue by the end of the month. Salaries of $1.290 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 $4,330 of services performed by George during the month have not been recorded as of June 30, 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.) Debit Credit No. Account Titles and Explanation 1. Supplies Expense 1257 Supplies 1257 2 Utilities Expense 200 Debit Credit No. Account Titles and Explanation 1 Supplies Expense 1 1257 Supplies 1257 2. Utilities Expense 200 Accounts Payable 200 3. Insurance Expense 310 310 4. 4240 4240 5. Prepaid Insurance Unearned Service Revenue Service Revenue Salaries and Wages Expense Salaries and Wages Payable Depreciation Expense Accumulated Depreciation Equipment 1290 1290 6. 1 250 250 7. Accounts Receivable 4330 Service Revenue 4330 Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances (Use T- Accounts.) (Post entries in the order of journal entries presented in the previous question) Cash Accounts Receivable V Supplies Prepaid Insurance Equipment -11 v Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Accounts Payable Salaries and Wages Payable Common Stock Service Revenue Service Revenue Salaries and Wages Expense Prepare an adjusted trial balance at June 30.2022 GEORGE CONSULTING Adjusted Trial Balance Debit Credit $ -/1 1 $ $
