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Why is it wrong? I only have one more try on my homework. Len Brian started his own consulting firm, Brian Consulting, on June 1,

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Why is it wrong? I only have one more try on my homework.

Len Brian started his own consulting firm, Brian Consulting, on June 1, 2022. The trial balance at June 30 is as follows. BRIAN CONSULTING Trial Balance June 30, 2022 Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Debit $6,850 7,000 1,972 3,960 15,000 $ 4,230 5,200 21,972 8,300 Common Stock Service Revenue Salaries and Wages Expense Rent Expense 4,000 920 $39,702 $39,702 In addition to those accounts listed on the trial balance, the chart of accounts for Brian 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. Supplies on hand at June 30 total $720. A utility bill for $240 has not been recorded and will not be paid until next month. The insurance policy is for a year. Services were performed for $4,400 of unearned service revenue by the end of the month. Salaries of $1,430 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 $4,320 of services performed by Brian during the month have not been recorded as of June 30. 5. 6. 7. Cash 6/30 Bal. 4 6850 Accounts Receivable 6/30 7000 6/30 4320 . 6/30 Bal. A 11320 Supplies 6/30 1972 6/30 1252 6/30 Bal. A 720 6/1 Prepaid Insurance 6/30 3960 6/30 3960 6/30 Bal. O SU Dal. 3960 Equipment 6/30 Bal. 15000 Accumulated Depreciation-Equipment 6/30 250 6/30 Bal. = 250 Accounts Payable 6/30 A 4230 6/30 240 6/30 Bal. 4470 Salaries and Wages Payable 6/30 1430 6/30 Bal. 1430 Unearned Service Revenue 6/30 - 4400 6/30 5200 6/30 Bal. 800 Common Stock 6/30 Bal. 21972 Service Revenue 6/30 Bal. 8300 6/30 4400 6/30 4320 6/30 Bal. 17020 Salaries and Wages Expense 6/30 4000 6/30 1430 6/30 Bal. A 5430 Rent Expense 6/30 Bal. 920 Depreciation Expense 6/30 250 6/30 Bal. 250 Insurance Expense 6/30 0 6/30 Bal. A Prepare an adjusted trial balance at June 30, 2022. BRIAN CONSULTING Adjusted Trial Balance June 30, 2022 Debit Credit Cash $ 6850 $ Accounts Receivable 11320 Prepaid Insurance 3960 Supplies 720 Equipment 15000 Accumulated Depreciation-Equipment 250 Accounts Payable 4470 Salaries and Wages Payable 1430 Unearned Service Revenue 800 Common Stock 21972 Service Revenue 17020 Salaries and Wages Expense 5430 Rent Expense 920 Depreciation Expense 250 Insurance Expense 0 Utilities Expense 240 Supplies Expense 1252 $ 45942 $ 45942

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