Question: Part (b) using the format shown in the sample below Lan Edward started his own consulting firm, Edward Consulting, on June 1, 2022 The trial

Part (b) using the format shown in the sample below

Part (b) using the format shown in the sample below Lan Edward

Lan Edward started his own consulting firm, Edward Consulting, on June 1, 2022 The trial balance at June 30 is as follows. EDWARD CONSULTING Trial Balance June 30, 2022 Debit Credit Cash $ 6,650 7,000 Accounts Receivable Supplies 2002 Prepaid Insurance 3,900 Equipment 15,000 Accounts Payable $4,250 Unsarned Service Revenue 5,200 Common Stock 22,002 Service Revenue 2.300 Salaries and Wages Expense 4,000 Rent Expense 1,000 $39,752 $39,752 In addition to these accounts listed on the trial balance, the chart of accounts for Edward also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expanse, Insurance Expense Utilities Expense, and Supplies Expense Other data: 1. Supplies on hand at June 30 total $720 2. A utility bill for $260 has not been recorded and will not be paid until next month 3. 4. The insurance policy is for a year. Services were performed for S4,170 of unsarned service revenue by the and of the month. Salaries of $1,360 are accrued at June 30. The scuipment has a 5-year life with no salvage value and is being depreciated at $250 per month for 60 months. 5. 6. 7. Invoices representing $4.200 of services performed by Edward during the month have not been recorded as of June 30. (a) (b) Your answer is partially correct. Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances. (Use T- Accounts.) (Post entries in the order of journal entries presented in the previous question.) Cash 6/30 BAL 6850 Accounts Receivable 6/30 BAL 7000 6/30 BAL

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