Len Kevin started his own consulting firm, Kevin Consulting, on June 1, 2025. The trial balance at June 30 is as follows. Kevin Consulting Trial Balance June 30, 2025 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense Other data 1 2 3 4 5 Debit $7,070 7,220 2,220 3,120 6. 7 15,240 4,220 In addition to those accounts listed on the trial balance, the chart of accounts for Kevin also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. 1,520 $40,610 Credit $4,450 5,420 22,220 8,520 $40.610 Supplies on hand at June 30 total $940. A utility bill for $400 has not been recorded and will not be paid until next month The insurance policy is for a year Services were performed for $4.320 of unearned service revenue by the end of the month. Salaries of $1,470 are accrued at June 30. The equipment has a 5-year life with no salvage value and is being depreciated at $254 per month for 60 months Invoices representing $4,120 of services performed by Kevin during the month have not twen

Len Kevin started his own consulting firm, Kevin Consulting, on June 1, 2025. The trial balance at June 30 is as follows. Kevin Consulting Trial Balance June 30, 2025 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense Other data 1 2 3 4 5 Debit $7,070 7,220 2,220 3,120 6. 7 15,240 4,220 In addition to those accounts listed on the trial balance, the chart of accounts for Kevin also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. 1,520 $40,610 Credit $4,450 5,420 22,220 8,520 $40.610 Supplies on hand at June 30 total $940. A utility bill for $400 has not been recorded and will not be paid until next month The insurance policy is for a year Services were performed for $4.320 of unearned service revenue by the end of the month. Salaries of $1,470 are accrued at June 30. The equipment has a 5-year life with no salvage value and is being depreciated at $254 per month for 60 months Invoices representing $4,120 of services performed by Kevin during the month have not twen

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Can you send another picture or write it down cuz i dont understand
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help please, the answers I put are not correct
It says they answers are wrong from your example.