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Question: accounting acct 300301303 question 2 len kumar started his own...

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Accounting (ACCT 300/301/303) Question 2 Len Kumar started his own consulting firm, Kumar Consulting, on June 1, 2017. The trial balance at June 30 is as follows. KUMAR CONSULTING Trial Balance June 3o, 2017 Debit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense 6,850 7,000 2,007 3,120 15,000 4,250 5,200 22,007 8,300 4,000 1,780 $39,757 $39,757 In addition to those accounts lsted on the trial balance, the chart of accounts for kKumar ase contains the following accounts: Accumulated Deprecietion-Equipment, Salaries and Wages Payable, Depreclation Expense, Insurance Expense, Utilities Expense, and Supplies Expense Other data 1. Supplies on hand at June 30 total $720. 2. A utility bill for $190 has not been recorded and will not be paid untl next month The insurance pollcy is for a year 4. Services were performed for $4,330 of unearned service revenue by the end of the month 5. Salaries of $1,330 are accrued at June 30. 6. The equipment has a 5-year life with no salvage value and is being depreciated at $250 par month for 6o montha . Invoices representing $4,340 of services performed during the month have not been recorded as of June 30. Prepare the adjusting entries for the month of June. (If no entry is required indented when the amount is entered. Do net indent manually.) Select-No Entry for the account titles ond enter 0 for the amount. Credit account titles are automatically Debit No. Account Titles and Explanation
ermediate Accounting, 16e Intermediate Accounting (ACCT 300/301/303) Prepare the adjusting entries for the month of June. (If no entry is required, select No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. De not indent manually.) No. Account Titles and Explanation 1. Debit 2. 3. 5. 6. HOW LESY OF ACCOUNTS Post the adjuating entries to the ledger accounts. Enter the totals from the trial balance as beginning in the previous question.) account balances. (Use T-Accounts)(Post entries in the order of journal entries presented
ackboard Lean Kieso, Intermediate Accounting, 16e Intermediate Accounting (ACCT 300/301/303) Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account belances. (Use T.Accounts.) (Post entries in the onder of journal entries presented in the previous question OURCES
Chega.com PLUS Kieso, Intermediate Accounting, 16e SOURCES Salaries and Wages Payable Salaries and Wages Expense
Depreciation Expense Insurance Expense Utilities Expense Supplies Expense SHOW LIST OF ACCOUNTS LINK TO TEXT
LUS Kieso, Intermediate Accounting, 16e Prepare an URCES KUMAR CONSULTING Adjusted Trial Balance Debit Credit
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