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

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Len James started his own consulting firm, James Consulting, on June 1, 2022. The trial balance at June 30 is as follows JAMES CONSULTING Trial Balance June 30, 2022 Debit Credit $ 6,850 7,000 1.972 2.820 15,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $4,210 5.200 21.972 8,300 4000 2.040 $39.682 $39,682 In addition to those accounts listed on the trial balance, the chart of accounts for James also contains the following accounts: Accumulated Depreciation-Equipment Salaries and Wapes Payable, Depreciation Expense, Insurance Expense, Wellities Expense. and Supplles Expense Other data: 1 2. 3 4 Supplies on hand at June 30 total $720. A utility bill for $180 has not been recorded and will not be paid until next month The insurance policy is for a year Services were performed for $4,100 of unearned service revenue by the end of the month Salaries of $1.250 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 $3,900 of services performed by James during the month have not been recorded as of June 30 5. 6. 7 Prepare the adjusting entries for the month of June (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. 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 Supplies V Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable V Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Insurance Expense Utilities Expense Supplies Expense Cash Accounts Receivable 6/1 6/30 6/30 Bal.

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