The office equipment has a 5-year life with no salvage, Ask an Expert

Accounting

Supplies on hand at June 30 are $631.

A utility bill for $175 has not been recorded and will not be paid until next month.

The insurance policy is for a year.

$2,543 of unearned service revenue has been earned at the end of the month.

Salaries of $1,997 are accrued at June 30.

The office equipment has a 5-year life with no salvage value. It is being depreciated at $295 per month for 60 months.

Invoices representing $1,005 of services performed during the month have not been recorded as of June 30.

(a) Prepare the adjusting entries for the month of June.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9448630

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