1. The note payable was issued on June 1 to purchase the equipment.The note is due in two years, on june 1, 2023, and carries interest at the rate of 6%.The principal is due at maturity and the interest is payable at the beginning of each month

The trial balance before adjustment of Heis Delivery Services at the end of its first month of operations follows: Heis Delivery Services Trial Balance June 30, 2021 Debit Credit Cash $4,200 Prepaid Insurance 17,000 Supplies 1,500 Equipment 119,000 Notes Payable $56,000 Accounts Payable 2.000 Unearned Revenue 18,000 A. Hels, Capital 68,400 A. Heis, Drawings 4,700 Service Revenue 22,000 Salaries Expense 17,000 Advertising Expense 1.200 Repairs Expense Rent Expense 1.100 $ 166,400 $166,400 700 Additional Information: 1. 2. 3. 4. The note payable was issued on June 1 to purchase the equipment. The note is due in two years, on June 1, 2023, and carries interest at the rate of 6%. The principal is due at maturity and the interest is payable at the beginning of each month. Additional advertising costs of $200 have been incurred during the month of June, but the invoices were not received until July 10. Customers having received delivery services in June but for whom involves had not yet been issued amounted to $5.000. Invoices were sted on July 5 Employees are paid a combined total of $400 per day for a five-day work week from Monday to Friday. As at June 30, a Monday, one day of salaries are unpaid. The next payday is Friday, July 4