Date (skip lines in between your journal entries, please!) Account Titles 6/24 Unearned Service Rev. DR CR 7000 Service Revenue 7000 6/26 Advertising Expense 1500 Accounts pa nyable 1500 6/27 Dividends 4200 Cash 7044 6/28 CASH 15000 Accounts receivable 15,000 t 2 You can Continue • your adjusting entities on this page. 1 / 2 100% + Date Account Titles 6/3 Cash DR 45000 CR Common Stock 45000 613 Equipment 30,000 Cash 4000 Note Payable 26000 615 Prepaid Insurance 3600 Cash. 3600 616 Prepaid Rent 9000 Cash 9000 2mos x $4500/month. 76/7 Salaries Payable Salaries Expense Cash 5000 5000 10000 bo Supplies 3500 Cash 3500 6/12 Cach 4440 Accounts Receivable 4440 6114 Unearned Svc Revenue 1340 1. Service Revenue. 1340 6/17 Accounts Payable 480 2. 480 3-a. Using the following information, write adjusting entries on the journal entry paper [just continue to use the journal entry file for the journal entries you wrote in Step 1, like we would in the real world]. These would all be dated June 30 (end of the month). These are following the order in which we ran into these items in Step 1. You will need the instructions for Step 1 to complete the adjusting entries! Accrue interest on note payable for the month of June. See June 3 entry. Round to the nearest dollar. (just do for the full month, NOT actual days) Straight-line depreciation on the equipment for one month. See the June 3 entry for useful info. Round to the nearest dollar. Cash 3. 11000 616 CASH Adjustment of prepaid insurance expired for the month of June. See June 5 entry. Adjustment of prepaid rent used during the month of June. See June 6 entry. Unearned Svc. Revenue 11000 4. 5. 6/19 NO ENTRY - no cash, no work done yet 6. Counted supplies to determine that $630 worth were left at the end of the month. Entergy (electric company) usage for June, $650. This bill will be paid in July. I 35000 6/20 AIR 35000 Service Revenue 7. Employees worked on June 24-28, but won't get paid until July 7. 8. The estimated income tax for June is $2,835. (The taxes would be paid at the end of Sept. because companies make quarterly estimated income tax payments). PIC COLLAGE