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.
This question was asked on Feb 07, 2011.
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