Len Kumar started his own consulting firm, Larkspur, Inc., on June 1, 2017. The June transactions resulted in a tabular summary, with June 30 unadjusted balances shown here.

Record adjustments for the month of June that reflect the following data. Provide explanations for specific revenue and expense accounts in the right-most column.

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 $4,120 of unearned service revenue by the end of the month.
5.		Salaries of $1,460 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 $3,910 of services performed during the month have not been recorded as of June 30.

Assets Liabilities + Stockholders' Equity Acc. Unearn. Retained Earnings Accts. Prepd. Depr.- Accts. Serv. Sal./Wages Com. Cash + Rec. + Supplies + Insur. + Equip. - Equip. = Pay. + Rev. + Pay. + Stock + Rev. - Exp. - Div Bal. 6,850 + 7,000 + 2,007 + 3,720 + 15,000 - 0 = 4,220 + 5,200 + 0 + 22,007 + 8,300 - 5,150 - 0 Assets Accts. Rec. Prepd. Insur. Supplies Cash + 6,850 Bal. 7,000 2,007 3,720 3910 Totals 6850 Liabilities Acc. Depr.- Equip. Accts. Pay. Equip. Unearn. Serv. Rev. + 5,200 15,000 4,220 + Stockholders' Equity Retained Earnings Sal./Wages Com. Pay. Stock Rev. + - Exp. 22,007 8,300 5,150 Stockholders' Equity Retained Earnings Rev. - Exp. - 8,300 5,150 Div 007 Supplies Expense Utilities Expense Insurance Expense Service Revenue Salaries & Wages Expense Depreciation Expense Service Revenue