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please help asap!! Len David started his own consulting firm, David Consulting, on June 1,2022. The trial balance at June 30 is as follows. In
please help asap!!
Len David started his own consulting firm, David Consulting, on June 1,2022. The trial balance at June 30 is as follows. In addition to those accounts listed on the trial balance, the chart of accounts for David 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 $200 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 $4,400 of unearned service revenue by the end of the month. 5. Salaries of $1,250 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 month. 7. Invoices representing $4,390 of services performed by David 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 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Accounts Payable 3. Insurance Expense Prepaid Insurance 4. Unearned Service Revenue Service Revenue 5. Salaries and Wages Expense 1250 Salaries and Wages Payable 6. Depreciation Expense 1250 Accumulated Depreciation-Equipment 7. Accounts Receivable 250 Service Revenue. Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances. Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Salaries and wages Payable Common Stock Service Revenue Salaries and Wages Expense Salaries and Wages Expense Rent Expense Insurance Expense Utilities Expense Utilities Expense Supplies Expense Step by Step Solution
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