2. Identify the type of adjustment necessary (the type of item involved) and record the transaction for the event. Make sure to include the ending balances after adjustment. Assume that on June 1, 2020, Tasty Sausage Corp. has a balance of $100 for supplies. On June 6 it purchased $600 in supplies for cash. On June 30, at the end of the accounting period, there are $300 of supplies on hand. The June 30 adjustment is: On June 1, Carter Lights Corp. borrowed $38,000 from the bank by signing a promissory note from the bank, with 7% interest. The note is due in three months. Interest for June has been incurred but not yet recorded. The interest to accrue for June is $180. The June 30 adjustment is: Assets = Liabilities +Stockholders' Equity Cash 38,000 Adjustment 180 End. Bal. Office Equipment Accumulated Depreciation Interest Payable Common Stock Retained Earnings