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Question I The unadjusted trial balance at 30 June 2022 for Norman Consultancy Services is as follows. Norman Consultancy Services Trial Balance As at
Question I The unadjusted trial balance at 30 June 2022 for Norman Consultancy Services is as follows. Norman Consultancy Services Trial Balance As at 30 June 2022 Account name Cash Accounts receivable Prepaid insurance Supplies Office equipment Accumulated depreciation Accounts payable Service revenue received in advance Norman capital Service revenue Salaries expense Rent expense Insurance expense Debit Credit $54 8001 15000 32001 1:500 30 000 $20 000 7400 4000 67 500 46 500 34.000 2000 1200 4000 Electricity expense $145 700 $145 700 The chart of accounts for Norman Services Ltd contains the following accounts in addition to those listed on the trial balance: Electricity payable, Salaries payable, Depreciation expense, and Supplies expense. Additional information: 1. Supplies on hand at 30 June total $1000. 2. An electricity bill for $300 for June has not been recorded and will not be paid until next month. 3. The balance of the prepaid insurance account is the annual premium for insurance commencing 1 January 2022. 4. Services were performed during the current period in relation to $3000 of revenue received in advance. 5. Salaries of $4600 are owed at 30 June. 6. Depreciation expense for the year is $4000. 7. Invoices representing $4400 of services performed during the month have not been recorded as of 30 June 2022. Required a. Prepare the adjusting entries from the information provided. b. Prepare an adjusted trial balance as at 30 June 2022. Part a) Norman Consultancy Services General Journal Date Account Credit Part b) Norman Consultancy Services Adjusted Trial Balance As at 30 June 2022 Account name Debit Credit S
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