Question 6 View Policies Current Attempt in Progress Len James started his own consulting firm, James Consulting, on June 1, 2022. The trial balance at June 30 is as follows. JAMES CONSULTING Tris Balance June 30, 2022 Debit Credit Cash $6.850 Accounts Receivable 7.000 Supplies 1.972 Prepaid Insurance 2.820 Equipment 15.000 Accounts Payable Unearned Service Revenue $4.210 5.200 21.972 8,300 Common Stock Service Revenue Salaries and Wages Expense Rent Expense 4.000 2040 $39.682 $39.682 In addition to those accounts listed on the trial balance, the chart of accounts for James 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 $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 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. Invoices representing $3.900 of services performed by James 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 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Prepare the adjusting entries for the month of June. (if no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Attempts: 0 of 2 used Save for Later Submit Answer Question 3 View Policies Current Attempt in Progress On July 1, 2022, Sandhill Co. pays $22,000 to Cullumber Company for a 2-year insurance contract. Both companies have fiscal years ending December 31. (a1) Journalize the entry on July 1 and the adjusting entry on December 31 for Cullumber Company. Cullumber uses the accounts Unearned Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts