You first look at the trial balance. In addition to the account balances reported above...
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Accounting
You first look at the trial balance. In addition to the account balances reported above in the income statement, the trial balance contains the following additional selected balances at June 30,2022. You then make inquiries and discover the following. 1. Carla Vista rentals revenues include advanced rental payments received for late summer occupancy (July and August), in the amount of $57,985. 2. There were $1,920 of supplies on hand at June 30 . 3. Prepaid insurance resulted from the payment of a one-year policy on April 1, 2022. 4. The mail in July 2022 brought the following bills: advertising for the week of June 24 , $140; repairs made June 18,$4,770; and utilities for the month of June, $215. 5. Wages expense is $315 per day. At June 30 , four days' wages have been incurred but not paid. 6. The note payable is a 6% note dated May 1,2022 , and due on July 31,2022. 7. Income tax of $13,615 for the quarter is due in July but has not yet been recorded. Prepare any adjusting journal entries required at June 30, 2022. Answer Below
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