Accounting Cycle Review Problem 0-12A Len 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 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 6,850 7,000 1,987 3,480 15,000 $4,245 5,200 21,987 8,300 4,000 1,415 $39,732 $39,732 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. Supplies on hand at June 30 total $720. 2. A utility bill for $250 has not been recorded and will not be paid until next month 3. The insurance policy is for a year 4. Services were performed for $4,390 of unearned service revenue by the end of the month. 5. Salaries of $1,350 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 6. months. 7. Invoices representing $4,260 of services performed during the month have not been recorded as of June 30. Prepare the adjusting entries for the month of June. (If no entry is required, select "No Entry for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)