Adjusting Entries: 31/5/2023: Purchased and paid $1,360 for gardening supplies from Quality Garden Suppliers to be used for garden maintenance. Only $420 worth of gardening supplies purchased on the 12th May 2023 remained on hand.

31/05/2023 Interest expense on the bank loan is accrued at $750 per month. The interest is paid to the bank quarterly and the first interest payment is due on the 1st August 2023.

31/05/2023 Depreciation on the Gardening Equipment is $2,400 per year. All assets are depreciated for a full month regardless of the date acquired. 31/05/2023 Record the insurance expense expired for the month of May 2023. 31/05/2023 Wages of $1,020 are owed to casual employees as at 31 May 2023 and will be paid on the 6 th June 202