Gil Vogel started his own consulting firm Vogel Consulting

Gil Vogel started his own consulting firm Vogel Consulting on June 1 2012.The trial balance at June 30 is as follows.VOGEL CONSULTINGTrial BalanceJune 30 2012Debit CreditCash $ 6850Accounts Receivable 7000Prepaid Insurance 2880Supplies 2000Equipment 15000Accounts Payable $ 4230Unearned Service Revenue 5200Common Stock 22000Service Revenue 8300Salaries and Wages Expense 4000Rent Expense 2000$39730 $39730In addition to those accounts listed on the trial balance the chart of accounts for Vogelalso contains the following accounts: Accumulated DepreciationEquipment UtilitiesPayable Salaries and Wages Payable Depreciation Expense Insurance Expense UtilitiesExpense and Supplies Expense.Other data:1. Supplies on hand at June 30 total $720.2. 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. $4100 of unearned service revenue has been earned at the end of the month.5. Salaries of $1250 are accrued at June 30.6. The equipment has a 5-year life with no salvage value and is being depreciated at$250 per month for 60 months.7. Invoices representing $3900 of services performed during the month have not beenrecorded as of June 30.Instructions(a) Prepare the adjusting entries for the month of June.(b) Post the adjusting entries to the ledger accounts. Enter the totals from the trial balanceas beginning account balances. Use T accounts.(c) Prepare an adjusted trial balance at June 30 2012.Problems: Set A 209Prepare adjusting entriespost to ledger accounts andprepare adjusted trialbalance.(SO 4 5 6) AP(b) Cash received $199000(b) Service rev. $16300(c) Tot. trialbalance $45310c04AccrualAccountingConcepts.qxd 8/3/10 1:50 PM Page 209

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