LUS Kimmel, Accounting, 7e Help System Announcements CALCULATOR PRINTER VERSION 4 BACK NEXT CES 3 Problem 4-02A Len Michael started his own consulting firm, Michael Consulting, on June 1, 2022. The trial balance at June 30 is as fol follows: MICHAEL CONSULTING Trial Balance June 30, 2022 Debit Credit Cash $ 6,850 Accounts Receivable 7,000 Supplies 2,002 Prepaid Insurance 3,000 Equipment 15,000 Accounts Payable $ 4,235 Unearned Service Revenue 5,200 Common Stock 22,002 Service Revenue 8,300 Salaries and Wages Expense Rent Expense 1,885 $39,737 $39,737 ndy. 4,000 In addition to those accounts listed on the trial balance, the chart of accounts for Michael also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: JS Kimmel, Accounting, 7e Help System Announcements CALCULATOR PRINTER VERSION 4 BACK NEXT 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 $4,270 of unearned service revenue by the end of the month. 5. Salaries of $1,500 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 $4,010 of services performed by Michael 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 Indont manually.) No. Account Titles and Explanation Debit Credit 1. 2 2. 3. 4. JS Kimmel, Accounting, 76 Help System Announcements CALCULATOR PRINTER VERSIO s 3. 4. 5. ly 7. SHOW LIST OF ACCOUNTS Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances. (Use entries in the order of journal entries presented in the previous question.) HelR l System Announcements ES CALCULATOR PRINTER VERSION B Post the adjusting entries to the eager accounts. Enter the totais from the trial balance as beginning account balances. (use I-ACCOL entries in the order of journal entries presented in the previous question.) Cash Accounts Receivable Supplies dy Prepaid Insurance Equipment Accumulated Depreciation Equipment Kimmel, Accounting, 7e Help System Announcements CALCULATOR PRINTER VERSION Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Service Revenue Common Stock Service Revenue JS Kimmel, Accounting, 7e Help System Announcements CALCULATOR PRINTER VERSION Service Revenue V Salaries and Wages Expense Rent Expense Depreciation Expense Insurance Expense JUS Kimmel, Accounting, 7e Help System Announcements CALCULATOR PRINTER VERSION ES Insurance Expense Utilities Expense Supplies Expense SHOW LIST OF ACCOUNTS Prepare an adjusted trial balance at June 30, 2022. MICHAEL CONSULTING Adjusted Trial Balance tie 9 JS Help System Announcements CALCULATOR PRINTER VER Prepare an adjusted trial balance at June 30, 2022. MICHAEL CONSULTING Adjusted Trial Balance Debit Credit $ $ LUS Kimmel, Accounting, 7e Help I System Announcements CALCULATOR PRINTER VERSION CES udy Click if you would like to Show Work for this question: Open Show Work
