prepaid insurance 3,408

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. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) 1. Supplies on hand at June 30 total $898. 2. A utility bill for $236 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 $5,166 of unearned service revenue by the end of the month. 5. Salaries of $1,575 are accrued at June 30. 6. The equipment has a 5 -year life with no salvage value and is being depreciated at $315 per month for 60 months. 7. Invoices representing $4,914 of services performed during the month have not been recorded as of June 30. Prepd. Cash + Accts. + Sec. Supplies + Insur. Bat. 8,631 8.820 2,520 1. 2. 3. 4. 5. 6. 7. Totals Acc. Depr. Equip. Equip. Uccts.Unearn.Serv.Rev. Unearn. Serv. Rev. Sal.Wages+Pay.Com.Stock Rev. 6,552 0 27,720 10.458 Retained Earnings Rev. Exp. Div 10.458 7,790 0