Reference no: EM132567632

In addition to those accounts listed on the trial balance, the chart of accounts for Astromech also contains the following accounts: Accumulated Depreciation - Office Equipment, Utilities Payable, Salaries Payable, Depreciation, Insurance Expense, Utilities Expense, and Supplies Expense.

Other data:

1. Supplies on hand at June 30 total $980.

2. A utility bill for $180 has not been recorded and will not be paid until next month.

3. The insurance policy is for a year.

4. $2,900 of unearned service revenue has been earned at the end of the month.

5. Salaries of $1,250 are accrued at June 30.

6. The office equipment has a 5-year life with no salvage value and is being depreciated at $250 per month for 60 months.

7. Invoices representing $3,000 of services performed during the month have not been recorded as of June 30.

Instructions:

Question a. Prepare the adjusting entries for the month of June.

Question b. Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances. Use T accounts.

Question c. Prepare a adjusted trial balance at June 30, 2010.