Michael Davidson started his own hospitality consulting firm, Star Company, on June 1, 2008. Star…

We're the ideal place for homework help. If you are looking for affordable, custom-written, high-quality and non-plagiarized papers, your student life just became easier with us. Click either of the buttons below to place your order.


Order a Similar Paper Order a Different Paper

Michael Davidson started his own hospitality consulting firm, Star Company, on June 1, 2008. Star Company performs feasibility studies to determine if restaurants should be opened at certain locations. The trial balance at June 30 is as follows.In addition to those accounts listed on the trial balance, the chart of accounts for Star Company also contains the following accounts and account numbers: No. 136 Accumulated Depreciation— Office Equipment, No. 210 Utilities Payable, No. 220 Salaries Payable, No. 530 Depreciation Expense, No. 540 Insurance Expense, No. 550 Utilities Expense, and No. 560 Supplies Expense.Other data:1. $500 of supplies has been used during the month.2. A utility bill for $200 has not been recorded and will not be paid until next month.3. The insurance policy is for two years.4. $1,000 of unearned service revenue has been earned at the end of the month.5. Salaries of $600 are accrued at June 30.6. The office equipment has a five-year life with no salvage value. It is being depreciated at $200 per month for 60 months.7. Invoices representing $1,000 of services performed during the month have not been recorded as of June 30. (a) Prepare the adjusting entries for the month of June. Use J3 as the page number for your journal.(b) Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances, and place a check mark in the posting reference column.(c) Prepare an adjusted trial balance at June 30,2008.
View Solution:
Michael Davidson started his own hospitality consulting firm St

Writerbay.net

Do you need academic writing help? Our quality writers are here 24/7, every day of the year, ready to support you! Instantly chat with a customer support representative in the chat on the bottom right corner, send us a WhatsApp message or click either of the buttons below to submit your paper instructions to the writing team.


Order a Similar Paper Order a Different Paper
Writerbay.net