Question 4 of 4 > -725 5 At June 30, 2022. the end of its most recent fiscal year, Riverbed Computer Consultants post-closing trial balance was as follows: Credit Debit $5,330 1,220 700 Cash Accounts receivable Supplies Accounts payable Unearned service revenue Common stock Retained earnings $410 1.140 3.700 2,000 $7.250 $7.250 July The company underwent a major expansion in July. New staff was hired and more financing was obtained. Riverbed conducted the following transactions during July 2022 and adjusts its accounts monthly 1 Purchased equipment, paying $3,600 cash and signing a 2-year note payable for $20,400. The equipment has a year useful life. The note has a 6% interest rate which is payable on the first day of each following month Issued 20.400 shares of common stock for $51.000 cash Paid $3.600 cash for a 12-month insurance policy effective July 1 Pald the first 2 Ouly and August 2022) months rent for an annual lease of office space for $4.100 per month Paid $3.900 for supplies. Visited client offices and agreed on the terms of a consulting project. Riverbed will bill the client, Connor Productions, on the 20th of each month for services performed Collected $1.220 cash on account from Mitni Brothers. This client was billed in Jone when Riverbed performed the 2 3 3 6 9 10 service. o > 8 7 > O 8. 9 5 6 U - Spring 2021 Question 4 of 4 - /25 The chart of accounts for Riverbed Computer Consultants contains the following accounts: Cash Accounts Receivable. Supplies Prepaid Insurance Prepaid Rent Equipment. Accumulated Depreciation-Equipment Accounts Payable. Notes Payable Interest Payable. Income Taxes Payable. Salaries and Wages Payable. Unearned Service Revenue Common Stock Retained Earnings Dividends. Income Summary Service Revenue Supplies Expense, Depreciation Expense, Insurance Expense, Salaries and Wages Expense, Advertising Expense, Income Tax Expense. Interest Expense, Rent Expense. Supplies Expense, and Utilities Expense Enter the July 1 balances in the ledger accounts Cash Accounts Receivable Supplies Accounts Payable O e 2 ly 118 00 - Spring 2021 Question 4 of 4 Unearned Service Revenue Common Stock Retained Earnings e Textbook and Media List of Accounts Save for Later Attempts: 0 of 1 uses (b) The parts of this question must be completed in order. This part will be available when you complete the part at o lipo Question 4 of 4 > -725 5 At June 30, 2022. the end of its most recent fiscal year, Riverbed Computer Consultants post-closing trial balance was as follows: Credit Debit $5,330 1,220 700 Cash Accounts receivable Supplies Accounts payable Unearned service revenue Common stock Retained earnings $410 1.140 3.700 2,000 $7.250 $7.250 July The company underwent a major expansion in July. New staff was hired and more financing was obtained. Riverbed conducted the following transactions during July 2022 and adjusts its accounts monthly 1 Purchased equipment, paying $3,600 cash and signing a 2-year note payable for $20,400. The equipment has a year useful life. The note has a 6% interest rate which is payable on the first day of each following month Issued 20.400 shares of common stock for $51.000 cash Paid $3.600 cash for a 12-month insurance policy effective July 1 Pald the first 2 Ouly and August 2022) months rent for an annual lease of office space for $4.100 per month Paid $3.900 for supplies. Visited client offices and agreed on the terms of a consulting project. Riverbed will bill the client, Connor Productions, on the 20th of each month for services performed Collected $1.220 cash on account from Mitni Brothers. This client was billed in Jone when Riverbed performed the 2 3 3 6 9 10 service. o > 8 7 > O 8. 9 5 6 U - Spring 2021 Question 4 of 4 - /25 The chart of accounts for Riverbed Computer Consultants contains the following accounts: Cash Accounts Receivable. Supplies Prepaid Insurance Prepaid Rent Equipment. Accumulated Depreciation-Equipment Accounts Payable. Notes Payable Interest Payable. Income Taxes Payable. Salaries and Wages Payable. Unearned Service Revenue Common Stock Retained Earnings Dividends. Income Summary Service Revenue Supplies Expense, Depreciation Expense, Insurance Expense, Salaries and Wages Expense, Advertising Expense, Income Tax Expense. Interest Expense, Rent Expense. Supplies Expense, and Utilities Expense Enter the July 1 balances in the ledger accounts Cash Accounts Receivable Supplies Accounts Payable O e 2 ly 118 00 - Spring 2021 Question 4 of 4 Unearned Service Revenue Common Stock Retained Earnings e Textbook and Media List of Accounts Save for Later Attempts: 0 of 1 uses (b) The parts of this question must be completed in order. This part will be available when you complete the part at o lipo