all answers should be vertical

Than Nguyen opened a business called Nguyen Engineering and recorded the following transactions in is first month of operstions un. 1 Than Nguyen, the owner, invested $18,00 cash, office equipment with a value of $19.500, and $89.000 of drafting equipment to launch the company. Jun. 2 The company purchased land worth 563,500 for an office by paying $26, cash and signing a long to note payable for 336.900 Jun. The company purchased a portable building with 100,00 cash and moved it onto the land acquired on June 2 Jun 2 the company paid $11,700 cash for the premium on a 15-month insurance policy. Jun. The company completed and delivered a set of plans for client and collected 517,100 cash. Sun. 12 The company purchased 517,400 of additional drafting equipment by saying $24.000 cash and signing a long term note payable for 111,400 Jun 14 The company completed 317.200 of engineering services for a client. This amount is to be received in 30 days Jun 15 the company purchased 12.00 of additional officequipment on credit. Jan. 17 The company completed engineering services for $27.9 on credit Jun 11 the company received a bill for rent of equipment that was used on recently completed job. The 12.750 rent cost must be paid within 10 days Jun. 20. The company collected $10.000 cash in partial payment from the client billed on June 14 Jun. The company paid 12.000 cash for wars to a drafting assistant Jun. 2) The company paid $2.40 cash to settle the account payable created on June 15. un. 24 The company paid 31,0 cash for sine maintenance of its drafting equipment um. 26 Than Nguyen with 110,00 cash free the company for personal use. Sun, 28 The company paid 2,000 cash for was to a drafting assistant Jun 30 The company paid 1, cash for advertisements on the web during June Descriptions of items that require adjusting entries on June 30, 2019. follow. a) The company has completed, but not yet billed. $17.600 of engineering services for a client b) Suaight line depreciation on the office equipment, assuming a 5-year life and a $2.300 salvage value is $330 per month Straight-line depreciation on the drafting equipment, assuming a 5 year life and a $12.400 salvage value is $1.900 per month Straight line depreciation on the building, assuming a 25-year life and a $1.500 salvage value, is $130 per month e) The balance in prepaid insurance represents a 15-month policy that went into effect on June 1 1) Accrued Interest on the long-term note payable is $190. 9. The drafting assistant is paid $2,000 for a 5-day work week 2 days' wages have been incurred but are unpaid as of month-end Required General Jour General Ledger Thalalance Income Statement SE Owners ty Impact on Income For transactions, review the adjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you click record entry Show less View traction et Journal entry worksheet The companies.com, bye Li 17,600 of unge services for at prepare the wedding na Date mo Account Title CO Jun. 21 The company paid $2,eee cash for wages to a drafting assistant. Jun. 23 The company paid $2,6ee cash to settle the account payable created on June 15. Jun. 24 The company paid $1,650 cash for minor maintenance of its drafting equipment. Jun. 26 Than Nguyen withdrew $10,860 cash from the company for personal use. Jun. 28 The company paid $2,000 cash for wages to a drafting assistant, Jun. 30 The company paid $3,660 cash for advertisements on the web during June. Descriptions of items that require adjusting entries on June 30, 2019, follow, a) The company has completed, but not yet billed, $17.600 of engineering services for a client b) Straight-line depreciation on the office equipment, assuming a 5-year life and a $2,300 salvage value, is $330 per month Straight-ine depreciation on the drafting equipment, assuming a 5-year life and a $12.400 salvage value, is $1,900 per month d) Straight-line depreciation on the building, assuming a 25-year life and a $1.500 salvage value is $130 per month. e) The balance in prepaid insurance represents a 15-month policy that went into effect on June 1 Accrued interest on the long-term note payable is $190 9) The drafting assistant is paid $2,000 for a 5-day work week 2 days wages have been incurred but are unpaid as of month-end. Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Income For transactions a-0, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue cared or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you click "record entry Show less View transactions Journal entry worksheet 2 6 7 Straight-line depreciation on the office equipment, assuming a 5-year life and a $2,300 salvage value, is $330 per month. Prepare the required adjusting entry, any. Nota: Entar dabits balore credits Date Account Title Debit Credit Jun 30 Recorded Clear entry View groumal Oun. 21 The company paid $2,888 cash for wages to a drafting assistant. Jun. 23 The company paid 52, see cash to settle the account payable created on June 15. Jun. 24 The company paid 51,65e cash for minor maintenance of its drafting equipment. Jun. 26 Than Nguyen withdrew $10,060 cash from the company for personal use. Jun. 28 The company paid $2,000 cash for wages to a drafting assistant Jun. 30 The company paid $3,660 cash for advertisements on the web during June. Descriptions of items that require adjusting entries on June 30, 2019. follow a) The company has completed, but not yet billed, 517600 of engineering services for a client. b) Straight-line depreciation on the office equipment, assuming a 5-year life and a $2,300 salvage value is $330 per month c) Straight-line depreciation on the drafting equipment, assuming a 5-year life and a $12.400 salvage value, is $1,900 per month d) Straight line depreciation on the building, assuming a 25-year life and a $1,500 salvage value is $130 per month e) The balance in prepaid Insurance represents a 15-month policy that went into effect on June 1 1) Accrued interest on the long-term note payable is $190. g) The drafting assistant is paid $2,000 for a 5-day work week 2 days' wages have been incurred but are unpaid as of month-end Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Income For transactions a-g, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you click "record entry" Show less View transactions Journal entry worksheet Straight-line depreciation on the drafting equipment, assuming a 5-year life and a $12,400 salvage value is $1.900 per month. Prepare the required adjusting entry, if any. Note delits before ord Date Am 30 Account Title Det Credit Feed any Clean Iun. 21 The company paid $2,000 cash for wages to a drafting assistant. Jun. 22 The company paid $2,600 cash to settle the account payable created on June 15. Jun. 24 The company paid $1,650 cash for ninor maintenance of its drafting equipment. Jun. 26 Than Nguyen withdrew $10,860 cash from the company for personal use. Jun. 20 The company paid $2,000 cash for wages to a drafting assistant. Sun. 30 The company paid $3,660 cash for advertisenents on the web during June. Descriptions of items that require adjusting entries on June 30, 2019. follow. a) The company has completed, but not yet billed, $17.600 of engineering services for a client b) Straight-line depreciation on the office equipment, assuming a 5-year life and a $2,300 salvage value is $330 per month Straight line depreciation on the drafting equipment, assuming a 5-year life and a $12,400 salvage value, is $1900 per month d) Straight line depreciation on the building, assuming a 25-year life and a $1.500 salvage value, is $130 per month e) The balance in prepaid insurance represents a 15-month policy that went into effect on June 1 1) Accrued interest on the long term note payable is $190 9) The drafting assistant is paid $2,000 for a 5-day work week 2 days' wages have been incurred but are unpaid as of month-end General General Requirement Income Trial Balance St Owners Impact on Journal Balance Sheet Ledger statement Equity Income For transactions a review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you click "record entry Show less View mastion Journal entry worksheet 5 6 7 > Straight line depreciation on the building, assuming a 25 year life and a $1,500 salvage value is $130 per month. Prepare the required adjusting entry, if any. Embere the Date Jun 30 Account Tie Debit Creth Heard Cleary View majual Jun. 21 The company paid $2,000 cash for ages to a drafting assistant. Jun. 23 The company paid $2,600 cash to settle the account payable created on June 15. Iun. 24 The company paid 51,650 cash for minor maintenance of its drafting equipment. Jun. 26 Than Nguyen withdrew $10,000 cash fron the company for personal use. Jun. 20 The company paid $2,000 cash for wages to a drafting assistant Jun 30 The company paid $3,660 cash for advertisements on the web durin June. Descriptions of items that require adjusting entries on June 30, 2019, follow, aj The company has completed, but not yet billed. $17.600 of engineering services for a client b) Straight line depreciation on the office equipment, assuming a 5-year life and a $2,300 salvage value is $330 per month Straight line depreciation on the drafting equipment, assuming a 5-year life and a $12.400 salvage value is $1900 per month d) Straight-line depreciation on the building, assuming a 25-year life and a $1.500 salvage value is $130 per month e) The balance in prepaid insurance represents a 15-month policy that went into effect on June 1 1 Accrued interest on the long term note payable is $190 g) The drafting assistant is paid $2,000 for a 5-day work week. 2 days' wages have been incurred but are unpaid as of month-end, General Requirement General Income Trial Balance St Owners Journal Ledger Impact on Statement Balance Sheet Equity Income For transactions a-9, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you click "record entry Show less View on tiet Journal entry worksheet 2 3 4 5 > The balance in prepaid insurance represents a 15-month policy that went into effect on June 1. Prepare the required adjusting entry, if any. Note the dates before and Date Account Title Dehit Credit Jun 30 Heerden Clearney Viam general humal Jun. 21 The company paid $2,000 cash for wages to a drafting assistant. Jun. 23 The company paid $2,6ee cash to settle the account payable created on June 15, Jun. 24 The company paid $1,650 cash for minor maintenance of its drafting equipment. Iun. 26 Than Nguyen withdrew $10,860 cash from the company for personal use. Jun. 28 The company paid $2,000 cash for wages to a drafting assistant. Jun. 30 The company paid $3,668 cash for advertisements on the web during June. Descriptions of items that require adjusting entries on June 30, 2019, follow. a) The company has completed, but not yet billed, $17.600 of engineering services for a client b) Straight-line depreciation on the office equipment, assuming a 5-year life and a $2,300 salvage value is $330 per month C) Straight-line depreciation on the drafting equipment, assuming a 5-year life and a $12,400 salvage value, is $1,900 per month d) Straight-line depreciation on the building, assuming a 25-year life and a $1,500 salvage value is $130 per month e) The balance in prepaid Insurance represents a 15-month policy that went into effect on June 1 1) Accrued interest on the long term note payable is $190, 9) The drafting assistant is paid $2,000 for a 5-day work week 2 days' wages have been incurred but are unpaid as of month-end. General Requirement General Income St Owners Journal Trial Balance Ledger Impact on Statement Balance Sheet Equity Income For transactions a-, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you click "record entry" Show less View transaction list Journal entry worksheet 3 4 5 6 7 Accrued interest on the long-term note payable is $190. Prepare the required adjusting entry, if any. Note Enter debits before credits Date Account Title Debit Credit Jun 30 Record entry Clear entry View general joumal Jun. 21 The company paid $2,000 cash for wages to a drafting assistant. Jun. 23 The company paid $2,600 cash to settle the account payable created on June 15 Jun. 24 The company paid $1,650 cash for minor maintenance of its drafting equipment. Sun. 26 Than tepuyen withdrew $10,068 cash from the company for personal use. Jun, 21 The company paid $2,000 cash for wages to drafting assistant. Jun 30 The company paid 55,640 cash for advertisements on the web during sune. Descriptions of items that require adjusting entries on June 30, 2019, follow. a) The company has completed, but not yet billed. $17,600 of engineering services for a client b) Straight-line depreciation on the office equipment, assuming a 5-year life and a $2,300 salvage value, is $330 per month C) Straight line depreciation on the drafting equipment, assuming a 5-year life and a $12,400 salvage value is $1,900 per month d) Straight-line depreciation on the building, assuming a 25-year life and a $1,500 salvage value is $130 per month e) The balance in prepaid insurance represents a 15-month policy that went into effect on June 1. 1) Accrued interest on the long-term note payable is $190. gi The drafting assistant is paid $2,000 for a 5-day work week 2 days wages have been incurred but are unpaid as or month-end Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Income For transactions - review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you dick "record entry" Show less View transactions Journal entry worksheet 2 3 4 5 6 7 > N The drafting assistant is paid $2,000 for a 5-day work week: 2 days' wages have been incurred but are unpaid as of month-end. Prepare the required adjusting entry, if any. Note Enter debit before credits Date Jun 30 Account Title Debut Credit Hecord entry Clearanby View general canal