Len Kumarstarted his own consulting firm. Kumar consulting, on June 1, 2017. The trial balance...
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Accounting
Len Kumarstarted his own consulting firm. Kumar consulting, on June 1, 2017. The trial balance at June 30 is as follows. KUMARCONSULTING Trial Balance June 30,2017 Accounts Receivable 7,000 Supplies 2,012 Prepaid lnsurance 2.880 Equipment 15,000 Accounts Payable $4.240 Unearned Service Revenue. 5.200 Common Stock Service Revenue Salaries and Wages Expense 4,000 Rent Expense In addition to those accounts listed on the trial balance, the chart of accounts for Kumar also contains the following accounts: Accumulated Depreclation-Equipment, Saiaries 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 $230 has not been recorded and will not be paid until next month. 3. The irsurance policy is for a year. 4. Servicas were performed for $4,290 of unearned service revenue by the end of the month 5. Saleries of $1,270 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 $4.280 of services performed during the month heve not been recorded as of June 30 . repare the adjusting entries for the month of June. If no entry is required, select "No Entry" for the account titles and enter O for the. imounts Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Salaries and Wages Expense Pent Expense Depreciation Expense Insurance Expense Utilities Expense Supplies Expense Prepare an adjusted trial balance at June 30, 2017. IUMAR CONSULTING Adjusted Trial Balance





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