Len Kumar started his own consulting firm, Kumar Consulting, on June 1, 2017. The trial balance at June 30 is as follows. KUMAR CONSULTING Trial Balance June 30, 2017 Debit Credit Cash $6,850 Accounts Receivable 7,000 Supplies 2012 Prepaid Insurance 3.840 Equipment 15.000 Accounts Payable $4,235 Unearned Service Revenue 5,200 Common Stock 22,012 Service Revenue 8,300 Salaries and Wages Expense 4,000 Rent Expense 1.045 $39.747 $39,747 In addition to those accounts listed on the trial balance, the chart of accounts for Kumar 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 $720 2 A utility bill for $210 has not been recorded and will not be paid until next month, 3 The insurance policy is for a year Question 2 of 5 < > -/20 E In addition to those accounts listed on the trial balance, the chart of accounts for Kumar 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 $720, 2 A utility bill for $210 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 $1.470 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 $4,140 of services performed 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 O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not Indent manually) No. Account Titles and Explanation 1. Supplies Expense Supplies 2. Utilities Expense Accounts Payable Debit 1292 210 Credit 1292 210 3 Insurance Expense 320 Prepaid insurance 320 Unearned Service Revenue 4320 No. Account Titles and Explanation Debit 1. Supplies Expense Supplies 2 Utilities Expense Accounts Payable 3. Insurance Expense 1292 210 320 Prepaid Insurance 4. Unearned Service Revenue 4320 Service Revenue 5. Salaries and Wages Expense Salaries and Wages Payable Depreciation Expense Accumulated Depreciation Equipment 7 Accounts Receivable Service Revenue eTextbook and Media List of Accounts 1470 250 4140 Credit 1292 210 320 4320 1470 250 41401 Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances. (Use Accounts.) (Post entries in the order of journal entries presented in the previous question.) Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Question 2 of 5 < Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Service Revenue Common Stock Service Revenue Question 2 of 5 < > Salaries and Wages Expense Rent Expense Depreciation Expense Insurance Expense Utilities Expense Supplies Expense Prepare an adjusted trial balance at June 30, 2017, KUMAR CONSULTING Adjusted Trial Balance eTextbook and Media List of Accounts Debit Credit