Adjustments:

Sales earned but not billed yet $$2400$

Additional $$300$ in sales salaries has been accrued, but not yet recorded

Depreciation expense on the store equipment for the month is $$180$

Insurance expired for the month is $$72$

Store Supplies on hand at end of the month is $$60$

$$300$ of the unearned rent has now been earned

Physical count of merchandise inventory on June $30$ is $$19880$

Part $3-$ Complete the Financial Statements

The Multistep Income Statement

Statement of Stockholders' Equity

Balance Sheet $($showing current and long term$)$

Check Answers

Cash Account Balance $=$

Total Assets $=$

$15,000\mathrm{.}00$

$72,438\mathrm{.}00$