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Len Kenneth started his own consulting firm, Kenneth Consulting, on June 1, 2022. The trial balance at June 30 is as follows. KENNETH CONSULTING Trial
Len Kenneth started his own consulting firm, Kenneth Consulting, on June 1, 2022. The trial balance at June 30 is as follows. KENNETH CONSULTING Trial Balance June 30, 2022 Credit Debit $ 6,850 7,000 1,982 3,780 15,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,260 5,200 21,982 8,300 4,000 1,130 $39,742 $39,742 In addition to those accounts listed on the trial balance, the chart of accounts for Kenneth also contains the following accounts: Accumulated Depreciation Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. Supplies on hand at June 30 total 5720. 2. A utility bill for $260 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 $4,320 of unearned service revenue by the end of the month. 5. Salaries of $1,490 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 $3,950 of services performed by Kenneth during the month have not been recorded as of June 30. Your answer is partially correct. Try again. Prepare the adjusting entries for the month of June. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit "o. Account Titles and Explanation 1. Supplies Expense Supplies 2. Utilities Expense Accounts Payable 3. Jinsurance Expense | Prepaid Insurance # Unearned Service Revenue CITOPOROROMPIT QUODINDNDHODOU | Service Revenue 5. Salaries and Wages Expense Salaries and Wages Payable 5. Depreciation Expense Accumulated Depreciation-Equipment 1. Accounts Receivable Service Revenue 4090 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 6/30 T Cash 6850 Accounts Receivable T6/30 16:30 6/30 Supplies 16/30 aid Insurance 10000 10 10 0 10 000 Alc Equipment 6/30 Accumulated Depreciation-Equipment 6/30 6/30 Accounts Payable 4270 Salaries and Wages Payable Unearned Service Revenue 16/30 n 6/30 5200 6/30 - Common Stock T6/30 Service Revenue 6/30 6/30 6/30 16190 Salaries and Wages Expense 16/30 16/30 6/30 5420 Rent Expense 16/30 Depreciation Expense 15/30 15/30 2017 Insurance Expense 16/30 2300 1 6/30 Utilities Expense 210 210 Supplies Expense 6/30 6/30 SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is partially correct. Try again. Prepare an adjusted trial balance at June 30, 2022. KENNETH CONSULTING Adjusted Trial Balance June 30, 2022 Debit Credit Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable Uncanned Service Revenue Common Stock 1000000000000 "Ordudd ddHCAHNUTIE Service Revenue 6490 Salaries and Wages Expense Rent Expense Depreciation Expense Insurance Expense Tutilities Expense Supplies Expense Click If you would like to Show Work for this question: Seen Show Work
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