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prepare the adusting entries for the month of june Len Anthony started his own consulting firm, Anthony Consulting, on June 1, 2022. The trial balance

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prepare the adusting entries for the month of june
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Len Anthony started his own consulting firm, Anthony Consulting, on June 1, 2022. The trial balance at June 30 is as follows ANTHONY CONSULTING Trial Balance June 30, 2022 Debit Credit Cash $6,850 Accounts Receivable 7,000 Supplies 2,007 Prepaid Insurance 4,020 Equipment 15,000 Accounts Payable $ 4,245 Unearned Service Revenue 5,200 Common Stock 22,007 Service Revenue 8,300 Salaries and Wages Expense 4,000 Rent Expense 875 $39,752 $39,752 In addition to those accounts listed on the trial balance, the chart of accounts for Anthony 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 $280 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 $4,140 of unearned service revenue by the end of the month. 5. Salaries of $1,500 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. 7. Invoices representing $4,200 of services performed by Anthony during the month have not been recorded as of June 30. No. Account Titles and Explanation Debit Credit 1. 2. I 3. 5. 6. 7

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