Len Kumar started his own consulting firm, Kumar Consulting, on June 1, 2017. The trial...
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Accounting
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 30, 2017
Debit
Credit
Cash
$ 6,850
Accounts Receivable
7,000
Supplies
1,972
Prepaid Insurance
2,520
Equipment
15,000
Accounts Payable
$ 4,220
Unearned Service Revenue
5,200
Common Stock
21,972
Service Revenue
8,300
Salaries and Wages Expense
4,000
Rent Expense
2,350
$39,692
$39,692
Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances. (Use T-Accounts.) (Post entries in the order of journal entries presented in the previous question.)
Cash
Choose a transaction date 6/16/306/30 Bal.
Enter a debit amount
Choose a transaction date 6/16/306/30 Bal.
Enter a credit amount
Accounts Receivable
Choose a transaction date 6/16/306/30 Bal.
Enter a debit amount
Choose a transaction date 6/16/306/30 Bal.
Enter a credit amount
Choose a transaction date 6/16/306/30 Bal.
Enter a debit amount
Choose a transaction date 6/16/306/30 Bal.
Enter a credit amount
Choose the end date of the accounting period 6/16/306/30 Bal.
Enter a debit balance
Choose the end date of the accounting period 6/16/306/30 Bal.
Enter a credit balance
Supplies
Choose a transaction date 6/16/306/30 Bal.
Enter a debit amount
Choose a transaction date 6/16/306/30 Bal.
Enter a credit amount
Choose the end date of the accounting period 6/16/306/30 Bal.
Enter a debit balance
Choose the end date of the accounting period 6/16/306/30 Bal.
Enter a credit balance
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