Question 2 - Accrual Accounting Concepts (20 marks) Kendall Jenner started her own company, Kendall Consulting, on April 1, 2021. The trial balance on September 30 is as follows. KENDALL CONSULTING Trial Balance June 30, 2021 Cash Debit $ 6,750 Credit Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable 7,000 2,000 2,880 15,000 $ 4,230 Unearned Service Revenue Common Stock 5,200 22,000 Service Revenue Salaries and Wages Expense Rent Expense 8,200 4,000 2,000 $ 39,630 $ 39,630 In addition to those accounts listed on the trial balance, the chart of account for Paris Consulting also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data collected: 1. Supplies on hand by the end of the month total $720 2. A utility bill for $180 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 $4,100 of unearned service revenue by the end of the month 5. Salaries of $1,250 are accrued on 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 $3,900 of services performed during the month have not been recorded as of June 30. Instructions (1) Prepare the adjusting entries for the month of June (2) Prepare an adjusted trial balance at June 30, 2021. (10 marks) (10 marks)