Question: Prepare adjustments P4.2 (LO 2, 3), AP Len Kumar started his own consulting firm, Kumar Consulting, on June 1, 2022, The June transactions resulted in

 Prepare adjustments P4.2 (LO 2, 3), AP Len Kumar started his

Prepare adjustments P4.2 (LO 2, 3), AP Len Kumar started his own consulting firm, Kumar Consulting, on June 1, 2022, The June transactions resulted in a tabular summary, with June 30 unadjusted balances shown here. Assets Liabilities Stockholders' Equity Acc. Acets. Sup Prepd. Depr. Accts Unearn. Sal. Wag Retained Earnings Com. Cash Rec. + plies + Insur. Equip Equip Pay + Serv. Rev. + Pay. Stock + Rev. Exp. - Div. Bal. 6.850 + 7,000 + 2,000 + 2.880 + 15,000 0 4,230 + 5.200 + 22,000 + 8,300 - 6,000 + 0 + Instructions a. Record adjustments for the month of June that reflect the following data. Provide explanations for specific revenue and expense accounts in the rightmost column. 1. Supplies on hand at June 30 total $720. 2. A utility bill for $180 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 $4,100 of unearned service revenue by the end of the month. 5. Salaries of $1,250 are accrued at June 30. 6. The equipment has a 5-year life with no salvage value and is being depreciated at $250 per month for 60 months. 7. Invoices representing $3,900 of services performed during the month have not been recorded as of June 30, b. Find the adjusted balance for each column in the tabular summary. Prove that the expanded accounting equation balances. Screenshot

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