Assume the unadjusted and adjusted trial balances for Kristy’s Consulting, Inc., at June 30, 2010, show the following data:

Requirement 1. Journalize the adjusting entries that account for the differences between the two trial balances.

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Kristy's Consulting, Inc. Trial Balance June 30, 2010 UNADJUSTED TRIAL BALANCE ADJUSTED TRIAL BALANCE ACCOUNT DR. CR. Cash $ 6,200 DR. $ 6,200 CR. Accounts Receivable 5,800 5,800 Supplies 1,400 300 Prepaid Rent 2,800 2,100 Equipment 18,000 18,000 Accumulated Depreciation, Equipment $ 7,500 $ 7,750 Accounts Payable 1,800 1,800 Salary Payable 1,250 Interest Payable 150 Unearned Service Revenue 2,600 900 Notes Payable 7,000 7,000 Common Stock 5,000 5,000 Retained Earnings 4,900 4,900 Dividends 13,600 13,600 Service Revenues 47,400 49,100 Salary Expense 23,400 24,650 Rent Expense 3,500 4,200 Depreciation Expense, Equipment 1,250 1,500 Interest Expense 250 400 Supplies Expense 1.100 Total $76,200 $76,200 $77,850 $77,850