5 7 15 20 25 30 31 Sold 1,000 shares of preferred stock, $50 par, for $60,000. Purchased $15,000 of merchandise inventory by issuing a 120 day, 10% interest paying note. Received the Insurance bill of $2,500. Payment is not due until June 30 Recorded services provided to clients on account, $7,500. Sold Merchandise for cash, $5.000. The cost of the goods sold was $3.000. Received payment from clients on account, S1,800 Paid employees $6,000 Paid cash dividend of $7,500. The dividend was declared and recorded in the month of May. Paid the Insurance bill received on June 5 At the end of June, the following adjustment data were assembled. 31 Accrued 1 month's interest on the note issued on June 1 31 The unadjusted trail balance indicates supplies of $2,750. The actual amount of supplies on hand is $1,000. 31 Depreciation of the Office Equipment is $820 for the month. GENERAL JOURNAL Description Page Credit Date Debit Post ref 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31