Question

CALCULATOR Trial Balance June 30, 2022 FULL SCREEN PRINTER VERSION BACK Credit Debit $ 6,850 7,000 1,997 3,720 15,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,245 5,200 21.997 8.300 4,000 1,175 $39,742 $39.742 In addition to those accounts listed on the trial balance, the chart of accounts for George also contains the following accounts: Accumulated Depreciation Equipment, 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 $200 has not been recorded and will not be paid until next month, 3. The insurance policy is for a year 4. Services were performed for $4,240 of unearned service revenue by the end of the month 5. Salaries of $1,290 are accrued at June 30. 6. The equipment has a 5-year fe with no salvage value and is being deprecated at $250 per month for 60 months. 7. Invoices representing $4,330 of services performed by George during the month have not been recorded as of June 30

Answer 1

No	Acount Titles and Explanation	Debit	Credit
1	Supplies expense [1997-720]	$            1,277
	Supplies		$          1,277
	[To record supplies used during the month]
2	Utilities expense	$                200
	Accounts payable [or Utilities payable]		$             200
	[To record accrued utlities expense for the month]
3	Insurance expense [3720/12]	$                310
	Prepaid insurance		$             310
	[To record insurance expired for the month]
4	Service revenue	$            4,240
	Unearned service revenue		$          4,240
	[To record service revenue earned]
5	Salaries and wages expense	$            1,290
	Salaries and wages payable		$          1,290
	[To record accrued salaries for the month]
6	Depreciation expense-Equipment	$                250
	Accumulated depreciation-Equipment		$             250
	[To record depreciation for the month]
7	Accounts receivable	$            4,330
	Service revenue		$          4,330
	[To record services rendered but not recorded]