Refer to Exercise 3-22 of Chapter 3. Start from the unadjusted trial balance shown for Lee Management Consulting prepared at June 30, 2016:

At June 30, the company gathers the following information for the adjusting entries:
a. Accrued service revenue, $400.
b. Earned $800 of the service revenue collected in advance on June 21 for eight days of work.
c. Supplies remaining on hand at June 30, $100.
d. Amortization expense-equipment, $42; furniture, $167 (all amounts rounded to the nearest dollar).
e. Accrued $500 expense for the secretary's salary.
Required
1. Set up a worksheet using the unadjusted trial balance figures.
2. Enter the adjusting entries directly into the worksheet.
3. Complete all columns of the worksheet.

Transcribed Image Text:

LEE MANAGEMENT CONSULTING Unadjusted Trial Balance June 30, 2016 Debits $ 23,750 1,500 500 1,000 5,000 Credits Cash Accounts receivable Supplies Equipment Furniture Accounts payable Unearned revenue Michael Lee, capital Michael Lee, withdrawals ervice revenue Rent expense Utilities expense Total $5,000 2,000 25,000 2,000 5,000 3,000 250 $ 37,000 $37,000