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prepare adjusting entries for the month of june according to jpg 30 is as follows. Azhar started his own consulting firm, Azhar Consulting Company, on
prepare adjusting entries for the month of june according to jpg
30 is as follows. Azhar started his own consulting firm, Azhar Consulting Company, on June 1, 2013. The trial balance at June Azhar Consulting Company Trial Balance June 30, 2013 Account Titles Debit (Tk.) Credit (TK. Cash 10,000 Accounts Receivable 6,000 Prepaid Insurance 3,000 Supplies 2,000 Office Equipment 15,000 Accounts Payable 4,500 Uneamed Service Revenue 4.000 Capital 24,600 Service Revenue 7.900 Salaries Expense 4,000 Rent Expense 1.000 41,000 41.000 Other data: 1. Supplies on hand at June 30 are Tk. 1,200. 2. A utility bill for Tk. 3,000 has not been recorded and will not be paid until next month. 3. The insurance policy is for a year. 4. Tk. 2,500 of unearned service revenue has been earned at the end of the month. 5. Salaries of Tk. 1,600 are accrued at June 30. 6. The office equipment has a 5-year life with no salvage value. It is being depreciated at 250 per month for 60 7. Invoices representing Tk. 4,000 of services performed during the month have not been recorded as of June 30. 8. A cheque for Tk. 5,000 received from customer is deposited into the bank for collection but returned %. Received from customer for future service Tk. 3,200. los Rent earned during the period but not received Tk. 2,500. It was recorded with service revenue. Prepare the adjusting entries for the month of June. months. dishonored SolStep by Step Solution
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