Len John started his own consulting firm, John Consulting, on June 1, 2022. The trial balance...

 

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Len John started his own consulting firm, John Consulting, on June 1, 2022. The trial balance at June 30 is as follows. JOHN CONSULTING Trial Balance June 30, 2022 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense Debit $6,850 7,000 1.997 2,880 15,000 4.000 Credit $4.255 5.200 21,997 8,300 2,025 $39,752 $39.752 1 Supplies on hand at June 30 total $720 2 Autility bill for $270 has not been recorded and will not be paid until next month 1 The insurance policy is for a year 4 Services were performed for $4.120 of unearned service revenue by the end of the month 5. Salaries of $1.400 are accrued at June 30. The equipment has a 5-year life with no salvage value and es being depreciated at $250 per month for 60 months 7. Invoices representing $4.250 of services performed by John during the month have not been recorded as of June 30, Prepare the adjusting entries for the month of June, of no entry is required, select No Entry for the account titles and enter O for the amounts. Cred account titles are outomatically indented when the amount is entered, Do not indent manually) Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances (the Accounts) (Post entries in the order of journal entries presented in the previous question) Cash Prepare an adjusted trial balance at June 30, 2022. JOHN CONSULTING Adjusted Trial Balance Len John started his own consulting firm, John Consulting, on June 1, 2022. The trial balance at June 30 is as follows. JOHN CONSULTING Trial Balance June 30, 2022 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense Debit $6,850 7,000 1.997 2,880 15,000 4.000 Credit $4.255 5.200 21,997 8,300 2,025 $39,752 $39.752 1 Supplies on hand at June 30 total $720 2 Autility bill for $270 has not been recorded and will not be paid until next month 1 The insurance policy is for a year 4 Services were performed for $4.120 of unearned service revenue by the end of the month 5. Salaries of $1.400 are accrued at June 30. The equipment has a 5-year life with no salvage value and es being depreciated at $250 per month for 60 months 7. Invoices representing $4.250 of services performed by John during the month have not been recorded as of June 30, Prepare the adjusting entries for the month of June, of no entry is required, select No Entry for the account titles and enter O for the amounts. Cred account titles are outomatically indented when the amount is entered, Do not indent manually) Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances (the Accounts) (Post entries in the order of journal entries presented in the previous question) Cash Prepare an adjusted trial balance at June 30, 2022. JOHN CONSULTING Adjusted Trial Balance

Answer rating: 100% (QA)

1 Jun30 Supplies Expense 127700 Supplies 127700 Jun30 Utilities Expense 27000 Accounts Payable 27000 Jun30 Insurance Expense 24000 Prepaid Insurance 2... View the full answer