Record adjustments for the month of June that reflect the following data. Provide explanations for...
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Record adjustments for the month of June that reflect the following data. Provide explanations for specific revenue and expense accounts in the rightmost column. - Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. - Increases in expenses require a negative sign or parentheses. - Increases in Accumulated Depreciation require a negative sign or parentheses. 1. Supplies on hand at June 30 total $758. 2. A utility bill for $196 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 $4,346 of unearned service revenue by the end of the month. 5. Salaries of $1,325 are accrued at June 30 . 6. The equipment has a 5-year life with no salvage value and is being depreciated at $265 per month for 60 months. 7. Invoices representing $4,134 of services performed during the month have not been recorded as of June 30
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Record adjustments for the month of June that reflect the following data. Provide explanations for specific revenue and expense accounts in the rightmost column. - Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. - Increases in expenses require a negative sign or parentheses. - Increases in Accumulated Depreciation require a negative sign or parentheses. 1. Supplies on hand at June 30 total $758. 2. A utility bill for $196 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 $4,346 of unearned service revenue by the end of the month. 5. Salaries of $1,325 are accrued at June 30 . 6. The equipment has a 5-year life with no salvage value and is being depreciated at $265 per month for 60 months. 7. Invoices representing $4,134 of services performed during the month have not been recorded as of June 30 