Question: Question12 --/1 View Policies Current Attempt in Progress LenDonaldstarted his own consulting firm,DonaldConsulting, on June 1, 2022. The trial balance at June 30 is as

Question12

--/1

View Policies

Current Attempt in Progress

LenDonaldstarted his own consulting firm,DonaldConsulting, on June 1, 2022. The trial balance at June 30 is as follows.

DONALDCONSULTING

Trial Balance

June 30, 2022DebitCreditCash$6,850Accounts Receivable7,000Supplies2,007Prepaid Insurance3,660Equipment15,000Accounts Payable$4,225Unearned Service Revenue5,200Common Stock22,007Service Revenue8,300Salaries and Wages Expense4,000Rent Expense1,215

$39,732

In addition to those accounts listed on the trial balance, the chart of accounts forDonaldalso contains the following accounts: Accumulated DepreciationEquipment, 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 $270has not been recorded and will not be paid until next month.3.The insurance policy is for a year.4.Services were performed for $4,320of unearned service revenue by the end of the month.5.Salaries of $1,250are accrued at June 30.6.The equipment has a 5-year life with no salvage value and is being depreciated at $250per month for 60 months.7.Invoices representing $4,240of services performed byDonaldduring 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.)

No.

Account Titles and Explanation

Debit

Credit

enter an account title for journal entry 1

enter a debit amount

enter a credit amount

enter an account title for journal entry 1

enter a debit amount

enter a credit amount

enter an account title for journal entry 2

enter a debit amount

enter a credit amount

enter an account title for journal entry 2

enter a debit amount

enter a credit amount

enter an account title for journal entry 3

enter a debit amount

enter a credit amount

enter an account title for journal entry 3

enter a debit amount

enter a credit amount

enter an account title for journal entry 4

enter a debit amount

enter a credit amount

enter an account title for journal entry 4

enter a debit amount

enter a credit amount

enter an account title for journal entry 5

enter a debit amount

enter a credit amount

enter an account title for journal entry 5

enter a debit amount

enter a credit amount

enter an account title for journal entry 6

enter a debit amount

enter a credit amount

enter an account title for journal entry 6

enter a debit amount

enter a credit amount

enter an account title for journal entry 7

enter a debit amount

enter a credit amount

enter an account title for journal entry 7

enter a debit amount

enter a credit amount

eTextbook and Media

List of Accounts

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

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a debit balance

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a credit balance

Accounts Receivable

choose a transaction date

6/1

6/30

6/30Bal.

enter a debit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a credit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a debit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a credit amount

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a debit balance

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a credit balance

Supplies

choose a transaction date

6/1

6/30

6/30Bal.

enter a debit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a credit amount

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a debit balance

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a credit balance

Prepaid Insurance

choose a transaction date

6/1

6/30

6/30Bal.

enter a debit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a credit amount

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a debit balance

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a credit balance

Equipment

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a debit balance

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a credit balance

Accumulated Depreciation-Equipment

choose a transaction date

6/1

6/30

6/30Bal.

enter a debit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a credit amount

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a debit balance

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a credit balance

Accounts Payable

choose a transaction date

6/1

6/30

6/30Bal.

enter a debit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a credit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a debit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a credit amount

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a debit balance

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a credit balance

Salaries and Wages Payable

choose a transaction date

6/1

6/30

6/30Bal.

enter a debit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a credit amount

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a debit balance

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a credit balance

Unearned Service Revenue

choose a transaction date

6/1

6/30

6/30Bal.

enter a debit amount

choose a transaction date

6/30

6/30 Bal.

6/1

enter a credit amount

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a debit balance

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a credit balance

Common Stock

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a debit balance

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a credit balance

Service Revenue

choose a transaction date

6/1

6/30

6/30Bal.

enter a debit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a credit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a debit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a credit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a debit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a credit amount

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a debit balance

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a credit balance

Salaries and Wages Expense

choose a transaction date

6/1

6/30

6/30Bal.

enter a debit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a credit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a debit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a credit amount

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a debit balance

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a credit balance

Rent Expense

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a debit balance

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a credit balance

Depreciation Expense

choose a transaction date

6/1

6/30

6/30Bal.

enter a debit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a credit amount

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a debit balance

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a credit balance

Insurance Expense

choose a transaction date

6/1

6/30

6/30Bal.

enter a debit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a credit amount

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a debit balance

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a credit balance

Utilities Expense

choose a transaction date

6/1

6/30

6/30Bal.

enter a debit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a credit amount

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a debit balance

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a credit balance

Supplies Expense

choose a transaction date

6/1

6/30

6/30Bal.

enter a debit amount

choose a transaction date

6/1

6/30

6/30Bal.

enter a credit amount

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a debit balance

choose the end date of the accounting period

6/1

6/30

6/30Bal.

enter a credit balance

eTextbook and Media

List of Accounts

adjusted trial balance at June 30, 2022.

DONALDCONSULTING

Adjusted Trial Balance

choose the accounting period

For the Year Ended June 30, 2022

For the Month Ended June 30, 2022

June 30, 2022

Debit

Credit

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter a debit balance

enter a credit balance

eTextbook and Media

List of Accounts

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Question12 --/1 View Policies Current Attempt in Progress LenDonaldstarted his own consulting firm,DonaldConsulting, on June 1, 2022. The trial balance at June 30 is as follows. DONALDCONSULTING...

4 of 10 View Policies Current Attempt in Progress -/2 = 1 From the following ledger balances, prepare a trial balance for the Crane Company at June 30, 2022. All account balances are normal Accounts...

Please can someone fill this out and send it back thank you been struggling with this homework Question 1 of 12 -/1 View Policies Current Attempt in Progress Farley Bains, an auditor with Nolls CPAs,...

Com C Bran x C Brax C Brax C Brax courses/37260/assignments/561922?module_item_jd-687989 Onlix Uber G how X Ghar Question 1 View Policies Current Attempt in Progress Bramble Corp's balance sheet at...

Question 1 View Policies Current Attempt in Progress Concord Corporation prepares quarterly financial statements. The post-closing trial balance at December 31, 2021, is presented below. CONCORD...

View Policies Current Attempt in Progress leckty The adjusted trial balance for Blossom Company, owned by D. Blossom, are as follows: BLOSSOM COMPANY Adjusted Trial Balance December 31, 2021 Support...

need some assistance here I'm lost last 2 columns are balance sheet Unit IV Lab Assignment Question 6 of 14 -19 View Policies Current Attempt In Progress The trial balance columns of the worksheet...

Question 1 of 2 May 1 2 Sunland Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May. the ledger of Sunland showed Cash of $5,500 and Owner's...

Question 4 of 6 > -/1 View Policies Current Attempt in Progress The May transactions of Chulak Corporation were as follows May 4 7 8 9 9 17 Paid $700 due for supplies previously purchased on account....

Question 1 View Policies Current Attempt in Progress Calculate the missing information in each of the following independent situations: Blossom Company Sunland Company Kingbird, Co. Supplies on hand,...

Milton Friedman and Anna Schwartz argued in the last chapter of their Monetary History of the United States that a shift in money growth will usually cause velocity to shift in the same direction: So...

One Step Further 29. Snow Cone Find the cost of Sandy's snow cone be- fore it melts! The top of the cone is one-half of a sphere with a diameter of 2 in. The base is the shape of a cone with a height...

Suggestways to make the losing profit center profitable.Try to support your suggestions by applying the cost-volume-profit analysis approach when appropriate.

The Tata group has many brands. How does the conglomerate increase their 'Customer Lifetime Value of any customer that comes into their fold? Some of the brands you should consider are Tata Motors,...

4. It is only at this point that you can give the problem your full attention in relation to the various ways you have framed the problem.

1. To provide an insight into why a communication situation can be perceived differently depending on which psychological framework we choose to use.

4. What is the meaning of this statement, we should always demarcate a problem in accordance with our objectives, or with what we are trying to understand? a) Give at least three examples that shed...