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Please Look At All Images. Will Thumbs Up If Correct! Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance
Please Look At All Images. Will Thumbs Up If Correct!
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)
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Len William started his own consulting firm, William Consulting, on June 1,2025. The trial balance at June 30 is as follows. In addition to those accounts listed on the trial balance, the chart of accounts for William 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 $770. 2. A utility bill for $230 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 $4,150 of unearned service revenue by the end of the month. 5. Salaries of $1,300 are accrued at June 30 . 6. The equipment has a 5-year life with no salvage value and is being depreciated at $251 per month for 60 months. 7. Invoices representing $3,950 of services performed by William during the month have not been recorded as of June 30 . Pnst the adiusting entrips to the ledper arrnunts Fnter the tatals from the trial halanre as heginninp arcount balances. (Use T- No. Account Titles and Explanation 1. Supplies Expense Supplies 2. Utilities Expense Accounts Payable 3. Insurance Expense Prepaid Insurance 4. Unearned Service Revenue Service Revenue 5. Salaries and Wages Expense Salaries and Wages Payable 6. Depreciation Expense Accumulated Depreciation-Equipment 7. Accounts Receivable Service Revenue Debit Credit 230 245 Step by Step Solution
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