Problem 4-2A Len Kumar started his own consulting firm, Kumar Consulting, on June 1, 2017. The trial balance at June 30 is as follows KUMAR CONSULTING Trial Balance June 30, 2017 Debit Credit 6,850 7,000 1,977 2,160 15,000 Cash Accounts Receivable Supplies Prepaid Insurancee Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $4,220 5,200 21,977 8,300 4,000 2,710 $39,697 $39,697 In addition to those accounts listed on the trial balance, the chart of accounts for Kumar 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 $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 $4,380 of unearned service revenue by the end of the month 5. Salaries of $1,380 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 $3,970 of services performed 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 O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. Supplies Expense Debit Credit Supplies 2. Utilities Expense Utilities Expense 3 Insurance Expense Prepaid Insurance Unearned Service Revenue Service Revenue Salaries and Wages Expense Salaries and Wages Payable 4. 5. 6 Depreciation Expense Accumulated Depreciation-Equipment 7. Accounts Receivable 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.) Cash 6/30 Accounts Receivable 6/30 6/30 6/30 Bal. Supplies 6/30 6/30 Prepaid Insurance 6/30 Bal. Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Service Revenue Common Stock Service Revenue Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Utilities Expense Supplies Expense Prepare an adjusted trial balance at June 30, 2017 KUMAR CONSULTING Adjusted Trial Balance June 30, 2017 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense Accumulated Depreciation-Equipment Supplies Expense Utilities Expense Notes Payable Insurance Expense Salaries and Wages Payable Click if you would like to Show Work for this question: Open Show Work