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need help filling in my T-chart. thank you. Len Mark started his own consulting firm, Mark Consulting, on June 1, 2022. The trial balance at
need help filling in my T-chart. thank you.
Len Mark started his own consulting firm, Mark Consulting, on June 1, 2022. The trial balance at June 30 is as follows. MARK CONSULTING Trial Balance June 30, 2022 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 6,850 7,000 1.977 3,600 15,000 $4,250 5,200 21,977 8,300 4,000 1,300 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Mark 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 $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 $4,250 of unearned service revenue by the end of the month. 5. Salaries of $1,440 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. Invoices representing $4,110 of services performed by Mark during the month have not been recorded as of June 30. 7. 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 the order of journal entries presented in the previous question.) Cash 6/30 Bal 6850 Accounts Receivable 6/30 Bal. 7000 6/30 6/30 Bal 6/30 Bal 6/30 Bal. 6/30 Bal Supplies 6/30 720 Prepaid Insurance 6/30 6/30 Bal. 6/30 Bal. 6/30 Bal. Prepaid Insurance 6/30 OU 0,00 000 Equipment 15000 Accumulated Depreciation-Equipment 6/30 6/30 Bal. Accounts Payable 6/30 Bal. 6/30 6/30 Bal. Salaries and Wages Payable 250 250 6/30 1000 Salaries and Wages Payable 6/30 6/30 Bal. Unearned Service Revenue 6/30 Bal. 6/30 Bal. Common Stock Service Revenue 6/30 Bal. 6/30 Bal. 6/30 6/30 6/30 Bal. 000-0000 5200 8300 6/30 Bal. 6/30 6/30 Bal. 6/30 Bal. 6/30 6/30 Bal. 6/30 6/30 Bal. Salaries and Wages Expense Rent Expense Depreciation Expense Insurance Expense Utilities Expense 6/30 6/30 Bal. V 6/30 6/30 Bal. Utilities Expense Supplies Expense 0044 Step by Step Solution
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