Interest on a bank investment account of $375 had been earned but not received by 30 June 2022. The interest received account had a balance of $2138 before the adjustment.

You are required to prepare the journals on 30 June 2022 for the end-of-period adjustment, the closing journal and also the reversal journal on 1 July 2022.

Prepare general ledger accounts for interest received and revenue accrued that show the data given and the posting of the journals on the required date.