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ASAP ! Journal entry required, General Ledger, Trial Balance, Income statement, St Owners Equity, Balance sheet, And impact on income required C. Collins, opened a

ASAP ! Journal entry required, General Ledger, Trial Balance, Income statement, St Owners Equity, Balance sheet, And impact on income required image text in transcribed
image text in transcribed
C. Collins, opened a business called Collins Engineering and recorded the following transactions in its first month of operations. to launch the coepary. Descriptions of items that requive adjusting entries on June 30.2021 , follow. a) The company has conpleted, but not yet billed, \$15,600 of enaineering services for a cilent. e) The balance in perpala insarance represents is 15 -inomit policy that went into elfect on Junet. Accrued interest on the long-term note payable is $170. 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. 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". Journal entry worksheet Note: Enter debits before credis

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