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SOLO COMPANY Trial Balance June 30, 2001 Account Number Debit $ 7,750 6,000 2,400 2,000 15,000 Credit 100 110 120 130 135 Cash Accounts Receivable Prepaid Insurance Supplies Office Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries Expense Rent Expense 4,500 4,000 21,750 230 300 400 40007,900 510 520 1,000 $38,150 $38,150 In addition those accounts listed on the trial balance, the chart of accounts for Solo Company also contains the following accounts and account numbers: No. 136 Accumulated Depreciation- Office Equipment, No. 210 Utilities Payable, No. 220 Salaries Payable, No. 530 Depreciation Ex- pense, No. 540 Insurance Expense, No. 550 Utilities Expense, and No. 560 Supplies Expense. Other data: 1. The balance in the supplies account at June 30 is $1,300. 2. A utility bill for $150 has not been recorded and will not be paid until next month. 3. The insurance policy is for a year. 4. $2,500 of unearned service revenue has been earned at the end of the month. 5. Salaries of $1,500 are accrued at June 30. 6. The office equipment has a 5-year life with no salvage value and is being depreciated at $250 per month for 60 months. 7. Invoices representing $3,000 of services performed during the month have not been recorded as of June 30. Instructions (a) Prepare the adjusting entries for the month of June. Use 13 as the page number for (b) Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance (c) Prepare an adjusted trial balance at June 30, 2001 your journal. as beginning account balances and place a check mark in the posting reference column

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