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Len John started his own consulting firm, John Consulting, on June 1,2022. The trial balance at June 30 is as follows. JOHN CONSULTING Trial Balance
Len John started his own consulting firm, John Consulting, on June 1,2022. The trial balance at June 30 is as follows. JOHN CONSULTING Trial Balance June 30, 2022 Debit Credit Cash $ 6,850 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Ravenue 7.000 1997 2,890 15,000 $ 4,255 5,200 21.997 8,300 4000 2.025 $39.752 $39.752 Common Stock Service Revenue Salaries and Wages Expense Rent Expense In addition to those accounts listed on the trial balance, the chart of accounts for John also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Uttias Expense, and Supplies Expense. Other data 1 Supplies on hand at June 30 total 5720 2. Aut ty bill for $270 has not been recorded and will not be paid until next month 3. The insurance policy is for a year. 4 Services were performed for $4, 120 of unearned service revenue by the end of the month. 5. Salaries of $1,400 are accrued at June 30. 6. The equipment has a 5-year life with no salvage value and is being depreciated at $250 per month for 60 months. 7. Invoices representing $4,250 of services performed by John during the month have not been recorded as of June 30. Activate Go to Settin 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 Supplies Expense 1.277 Supplies 2 2. weels Expanse Accounts Payable Inawrance Ebene Prepadlinezrancs Warnas Service Revenue 4. Service Revenue Salaries and Wages Expense Salaries and Wages Payable Depreciation Expense Accumulated Depreciation Equipment Accounts Receivable L 4 250 Service Revenue Cash Accounts Receivable Supplies Prepaid Insurance 6/30 Bal 6/30BL 2640 Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Uneared Service Revenue Common Stock Service Revenue Salaries and Wages Expense 4.000 Rent Expense Depreciation Expense Insurance Expense Utilities Expense Utilities Expense Supplies Expense
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