Bob Martin thanked you for helping him out in recording transactions for the first month of operations and preparing the unadjusted Trial balance as at 28 May 2023.

Bobs niece, Mary, who completed the accounting degree in AUT last year helped him in recording the transactions of Happy Dental for the month of June and she prepared the following unadjusted Trial balance as at 30 June 2023 as follows:

Bob, now, seeks your help to record the following balance day adjustments on 30 June and prepare financial statements.

1. On 29 June, Bob withdrew $3,000 from the business bank account to pay for the flight booking to London to visit his father who was unwell. Mary forgot to record this transaction on 29 June.
2. On 30 June, $850 worth of dental supplies was still on hand.
3. The Prepaid rent balance in the above Trial Balance includes the rent paid in advance on 1 May for the first two months.
4. Performed $1,250 of services for patients during the last day of June and not yet billed to the patients by 30 June.
5. The salary of the nurse for the last two weeks of June ($900) was paid only on 2 July.
6. Prepaid insurance of $900 in the above Trial Balance was paid on 1 June 2023 for a 1-year insurance policy.
7. Services were provided during the month of June in relation to $1,600 of revenue received in advance.
8. Depreciation was not provided for Dental Equipment and Furniture. Mary thinks that straight line depreciation method is appropriate to depreciate Dental Equipment and Furniture. Also, assume that the business applies a full months depreciation in the month of purchase. You have been provided with the following details to calculate depreciation.

PPE Date of PurchaseCost ($)Useful LifeResidual Value ($)Dental Equipment1 May 202315,0005 years$3,000Furniture6 May 202312,5006 years$2,600 (a) Record Balance day Journal Entries in the General Journal