2. Use the following information to journalize and post adjusting entries for the month: a. One month's insurance coverage has expired and one month's rent has expired. b. At the end of the month, $700 of office supplies are still available. c. This month's depreciation on the computer equipment is $500. d. Employees earned $520 of unpaid and unrecorded salaries as of month-end, e. The company earned $1,300 of advanced collection made on June 20. f. The company earned $3,050 of commissions that are not yet billed at month-end. 8. Cost of goods on hand as of June 30, 2017 is $1,250. 3. Prepare Adjusted Trial Balance 4. Prepare journal entries to close revenues/expenses and post these entries to ledger. 5. Prepare the Income Statement for June and Balance Sheet as of June 30, 2017 2. Use the following information to journalize and post adjusting entries for the month: a. One month's insurance coverage has expired and one month's rent has expired. b. At the end of the month, $700 of office supplies are still available. c. This month's depreciation on the computer equipment is $500. d. Employees earned $520 of unpaid and unrecorded salaries as of month-end, e. The company earned $1,300 of advanced collection made on June 20. f. The company earned $3,050 of commissions that are not yet billed at month-end. 8. Cost of goods on hand as of June 30, 2017 is $1,250. 3. Prepare Adjusted Trial Balance 4. Prepare journal entries to close revenues/expenses and post these entries to ledger. 5. Prepare the Income Statement for June and Balance Sheet as of June 30, 2017