Good Note Company specializes in the repair of music equipment and is owned and operated by Robin Stahl. On June 30, 20Y6, the end of the current year, the accountant for Good Note prepared the following trial balances:

Instructions

Journalize the seven entries that adjusted the accounts at June 30. None of the accounts were affected by more than one adjusting entry.

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Good Note Company Trial Balances June 30, 20Y6 Unadjusted Adjusted Debit Debit Credit Credit Balances Balances Balances Balances Cash ....... 38,250 38,250 Accounts Receivable.. 89,500 89,500 Supplies.... Prepaid Insurance Equipment...... Accumulated Depreciation-Equipment .. 11,250 2,400 14,250 3,850 290,450 290,450 94,500 106,100 Automobiles...... 129,500 129,500 Accumulated Depreciation-Automobiles Accounts Payable ... Salaries Payable ..... 54,750 62,050 24,930 26,130 8,100 Unearned Service Fees. 18,000 9,000 Common Stock ..... 100,000 100,000 Retained Earnings 224,020 224,020 Dividends ..... 75,000 75,000 Service Fees Earned 733,800 742,800 Salary Expense. Rent Expense . Supplies Expense. Depreciation Expense-Equipment.. Depreciation Expense-Automobiles. Utilities Expense Taxes Expense. . Insurance Expense Miscellaneous Expense 516,900 525,000 54,000 54,000 8,850 11,600 7,300 12,900 14,100 8,175 8,175 10,400 9,825 9,825 1,250,000 1,250,000 1,278,200 1,278,200