S fi : IFRS, 3e Help System Announcements ctice Assignment Gradebook ORION Downloadable eTextbook mment CALCULATO Question 5 Joey Cuono started his own consulting firm, Cuono Company SpA on June 1, 2017. The trial balance at June 30 is shown below. CUONO COMPANY SpA Trial Balance June 30, 2017 Account Number Debit Credit 101 Cash 6,045 112 Accounts Receivable 5,907 126 Supplies 1,756 130 Prepaid Insurance 3,960 157 Equipment 15,780 201 Accounts Payable 4,561 209 Unearned Service Revenue 4,072 311 Share Capital-Ordinary 21,714 400 Service Revenue 8,404 726 Salaries and Wages Expense 4,128 729 Rent Expense 1,175 38,751 38,751 CALCULATOR PRINTER VERSION BACK NEXT In addition to those accounts listed on the trial balance, the chart of accounts for Cuono Company SpA also contains the following accounts and account numbers: No. 158 Accumulated Depreciation-Equipment, No. 212 Salaries and Wages Payable, No 631 Supplies Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 732 Utilities Expense. Other data: 1. Supplies on hand at June 30 are 825. 2. A utility bill for C126 has not been recorded and will not be paid until next month. The insurance policy is for a year. 22,220 of unearned service revenue is recorded for services performed at the end of the month. Salaries of C2,217 are accrued at June 30, 6. The equipment has a 4-year life with no residual value. It is being depreciated at C263 per month for 48 months. 7. Invoices representing C1,300 of services performed during the month have not been recorded as of June 30, 4. 5. Prepare the adjusting entries for the month of June. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually) Account Titles and Explanation Debit Credit No Date 1. Dune 30 2. June 30 3. June 30 line in Version 4.24 21.1 CALCULATOR PE JRCES Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances. (Post entries in posted in the previous part of the question.) No. 101 Ref Debit Credit Balance Cash Date Explanation June 30 Balance Accounts Receivable Date Explanation June 30 Balance No. 112 Ref Debit Credit Balance Adjusting J3 June 30 Supplies Date June 30 No. 126 Explanation Ref Debit Credit Balance Balance J3 June 30 Adjusting Prepaid Insurance Explanation June 30 Balance Date No. 130 Rel Debit Credit Balance Adjusting 33 June 30 Equipment Date No. 157 Explanation Ref Debit Credit Balance June 30 Balance CALCULATOR CES June 30 Balance No. 158 Debit Credit Balance Accumulated Depreciation-Equipment Date Explanation Ref June 30 Adjusting 33 Accounts Payable Date Explanation Ref June 30 Balance No. 201 Debit Credit Balance 33 No. 209 Debit Credit Balance Ref 13 June 30 Adjusting Unearned Service Revenue Date Explanation June 30 Balance June 30 Adjusting Salaries and Wages Payable Date Explanation June 30 Adjusting Share Capital-Ordinary Date Explanation June 30 Balance No. 212 Ref Debit Credit Balance 13 No. 311 Ref Debit Credit Balance No. 400 Ref Service Revenue Date Explanation June 30 Balance Debit Credit Balance GYON s Prepare an adjusted trial balance at June 30, 2017. CUONO COMPANY SPA Adjusted Trial Balance Debit Credit DOWN