Com 14 N M y Question 6.10 June 2020, L&M Children's Boutique, Inc. was established in Lafayette, LA to provide designer clothing for infants and children. Bubbles Breaux and Anastasia Lee are the major stockholders in this corporation. Use the following data to prepare the jourual entries for the following transactions that occurred during the month of June. June 00 3 6 10 13 17 20 26 27 28 29 Stockholders (Breaux R Lee) invested $90,000 cash in the business. Purchased shelves and cash register for $25,000; paid $6,000 down and signed a 1 year 6% note for the balance Hired Tritie Keyes as a sales person Sold 25 pairs of designer diapers for $66) each as well as 10 stumer swim sets consisting of a sun-blocking swimsuit and matching hat for $150 each. All customers paid cash at the time of sale. Total cost of inventory sold is $1,800, Purchased supplies for S1,500 on account Completed and delivered a special order of customized clothing for a 3 year old for $1,000 on account Received $700 when a customer purchased a gift card to be used in September Collected 5600 from the transaction on June 17 Paid 36,000 for a one year instance policy effective July 1, 2020 Paid $1,000 rent and $800 for utilities used during the month Paid receptionist S1,500 for June 03 90 Account Titles Rer Debit Credit Date 6/1/2020 69/203 13 96 10 101 She ht 132 Question 7. Using the following data, prepare the adjusting entries for the month ended December 31, 2020. 134 135 a 15b Insurance in the amount of S700 expired during December On December 1, the supplies account had a balance of $400:52,800 of supplies were purchased during December. A pliysical count of supplies on 13 December 31 indicated $1,100 on hand. Depreciation on equipment for December is $900. 1d. Imployees are paid $5,000 every Friday for the five-day work week Monday - Friday. They were last paid on Friday, December 26. December 31 140 is a Wednesday 148 Date Account Titles Ref Debit Credit 144 145 166 14 149 150 151 152 154 194 19 Show