Ten kumar started his own consulting firm, Kumar Consulting, on June 1, 2017. The trial balance at June 30 is as follows. KUMAR CONSULTING Trial Balance June 30, 2017 Credit Debit $6,850 7,000 2,000 2,880 15,000 $ 4,230 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense 5.200 22.000 8,300 4,000 2,000 $39,730 $39.730 $39,730 $39,730 In addition to those accounts listed on the trial balance, the chart of accounts for Kumar also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. 2 3. 4. 5. Supplies on hand at June 30 total $720. A utility bill for $180 has not been recorded and will not be paid until next month. The insurance policy is for a year. Services were performed for $4,100 of unearned service revenue by the end of the month, Salaries of $1,250 are accrued at June 30. 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 during the month have not been recorded as of June 30. 6. 7. No. Account Titles and Explanation Debit Credit 1. Supplies Expense 1280 1280 Supplies 180 2 Utilities Expense 180 Accounts Payable 240 3. Insurance Expense 240 Prepaid Insurance 4100 4. Unearned Service Revenue 4100 Service Revenue 1250 5. Salaries and Wages Expense 1250 Salaries and Wages Payable 250 6. Depreciation Expense 250 Accumulated Depreciation Equipment Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances. (Use T- Accounts.) (Post entries in the order of joumal entries presented in the previous question) Cash Accounts Receivable Supplies Prepaid Insurance Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable C Salaries and Wages Payable Salaries and Wages Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Salaries and Wages Expense Rent Expense Depreciation Expense Insurance Expense Utilities Expense Utilities Expense Supplies Expense e Textbook and Media Save for Later Attempts: 0 of 5 used Submit Ans Part 3 The parts of this question must be completed in order. This part will be available when you complete the part above