Question

Len John started his own consulting firm, John Consulting, on June 1, 2022. The trial balance at June 30 is as follows. JOHN CONSULTING Trial Balance June 30, 2022 Debit Credit Cash $6,850 Accounts Receivable 7,000 Supplies 1.997 Prepaid Insurance 2.880 Equipment 15.000 Accounts Payable $4.255 Unearned Service Revenue 5.200 Common Stock 21.997 Service Revenue 8.300 Salaries and Wages Expense 4000 Rent Expense 2,025 $39.752 $39.752 In addition to those accounts listed on the trial balance, the chart of accounts for John also contains the following accounts Accumulated Depreciation Equipment Salaries and Wages Payable. Depreciation Expense Insurance Expense des Expense and Supplies Expense Other data H B

Answer 1

Ann' Adjusting entrien Nebit mo Account Title and Explanation credet C$) C$ supplier expenne (1997 - 720) 1277 TO Supplier 1277 (Record supplier expennen during the year) 2) utilitien expenne 270 270 TO Accounts Payable (Record utility bill expenser in not paid) mowrance expenne (2880/12) 240 240 TO Prepaid innurcance in (Recored insurance policy for a year) 4) unearned nervice reevenue 4120 To service revenue 4120 (Record nervice Performed of unearned nervice)

Account Title and Explanation Debit C$) credit ($) NO. 1400 5) salaries and wagen expenne To salarien and wagen Payable (Record avereed palarien) 1400 250 6) Depreeciation Expenne 250 To Accumulated Depreciation- equipement (Record depreciation Expenne for I month) 4250 Accounts receivable 4250 To Service Revenue (Recored nervice performed but not reecorded)

cane $ 6850 peg nai 4 6860 End Boul Account Receivablen beg. au $ 7000 $ Ч250 Jung 50 and Boul $ 1250

suppuen Beg Bal $ 1997 June 30 $ 1277 and Bal $ 720 Prepaid inpurance $ 2880 Beg. Bol. $240 June 30 end Bal : $ 2640 Equipement Beg. Bol $ 15000 End Boul. $ 15000

Accumulated Depreciation - Eluipement Beg Bou Nit June 30 $250 End Bal $ 250 Accounts Payable $4255 Beg Ball June 30 $ 270 End Bou $4525 salarien and wagen Payable June 30 $ 1400 End Bal $ 1400 unearned nerwice revenul $410 June 30 Beg Bal. . $ 5200 End Bou. $ 1080 common stock Beg Bou $ 21997 End Bal $ 21997

Service Revenue Beg Bal June 30 & 8300 $ 4120 $ 4250 $ 16670 June 30 End Bal salarien and wagen expenne Beg Bol $ 400 0 June 30 $ 14oo C and Bal $ 5400 Rent Expenne Beg Bal $ 2025 End Bal $ 2025 Depreeciation Expenne June 30 & 250 And Bou $ 250

mourance Expenne June 30 $240 End Bal $240 wtilitien Expenne Ture 30 $270 End Bal $ 270 suppuen expenne Tune Bo $ 1277 End Bal $127

JOHN CON SULTING Adjusted Trial balance June 30, 2022 pebit Accounts credit C$) Case 6850 11250 Account Receivable 720 suppuen 2640 Preepaid innurance 15000 250 4525 Equipement Accumulated depreciation - Equipement Accounts Payable Salarien and wagen payable. unearned nervice revenue 1400 1080 21997 common stock 16670 service Revenue 5400 solarien ound wagen Expenne 2025 Rent Expenne 250 Depreciation Expenne 240 Innurance Ex Penne 270 utilitien Ex Penne 1277 supplen Expenne 45922 45922 Total