Joey Cuono started his own consulting firm, Cuono Company, on June 1, 2014. The trial balance at June 30 is shown below.
CUONO COMPANY Trial Balance June 30, 2014
Account Number
Debit
Credit
101
Cash
$ 6,200
112
Accounts Receivable
6,000
126
Supplies
2,000
130
Prepaid Insurance
3,000
157
Equipment
14,400
201
Accounts Payable
$ 4,700
209
Unearned Service Revenue
4,000
311
Common Stock
20,000
400
Service Revenue
7,900
726
Salaries and Wages Expense
4,000
729
Rent Expense
1,000
$36,600
$36,600
In addition to those accounts listed on the trial balance, the chart of accounts for Cuono Company also contains the following accounts and account numbers: No. 158 Accumulated Depreciation—Equipment, No. 212 Salaries and Wages Payable, No. 631 Supplies Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 732 Utilities Expense.
Other data:
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Prepare the adjusting entries for the month of June. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
No.
Date
Account Titles and Explanation
Debit
Credit
1.
June 30
[removed]Insurance Expense
[removed]1,200
[removed]
[removed]Prepaid Insurance
[removed]
[removed]1,200
2.
June 30
[removed]Supplies Expense
[removed]2,400
[removed]
[removed]Supplies
[removed]
[removed]2,400
3.
June 30
[removed]Depreciation Expense
[removed]1,725
[removed]
[removed]Accumulated Depreciation-Buildings
[removed]
[removed]1,125
4.
June 30
[removed]Unearned Rent Revenue
[removed]4,100
[removed]
[removed]Rent Revenue
[removed]
[removed]4,100
5.
June 30
[removed]Salaries and Wages Expense
[removed]400
[removed]
[removed]Salaries and Wages Payable
[removed]
[removed]400
6.
June 30
[removed]Accounts Receivable
[removed]3,700
[removed]
[removed]Rent Revenue
[removed]
[removed]3,700
7.
June 30
[removed]Interest Expense
[removed]600
[removed]
[removed]Interest Payable
[removed]
[removed]600
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