Adjusting Entries- Round to two decimal places. The rent payment made on June 17 was for June, July, August and September. Expense the amount associated with one month's rent. 27. his s A physical inventory showed that only $259.00 worth of office supplies remained on hand as 28 of June 30 The annual interest rate on the mortgage payable was 8.00 percent. Interest expense for one- |half month should be computed because the building and land were purchased and the liability incurred on June 16 29. Information relating to the prepaid insurance may be obtained from the transaction recorded on June 14. 30 Expense the amount associated with one half month's insurance. Adjusting Entries- Round to two decimal places. The rent payment made on June 17 was for June, July, August and September. Expense the amount associated with one month's rent. 27. his s A physical inventory showed that only $259.00 worth of office supplies remained on hand as 28 of June 30 The annual interest rate on the mortgage payable was 8.00 percent. Interest expense for one- |half month should be computed because the building and land were purchased and the liability incurred on June 16 29. Information relating to the prepaid insurance may be obtained from the transaction recorded on June 14. 30 Expense the amount associated with one half month's insurance