CREATE THE WORKSHEET

CREATE JOURNAL AND ADJUSTING ENTRIES INotes Relating to Balances: The bank loan has an annual interest rate of 9% and has monthly principal payment of $1,665. Transactions for the month of June: At the end of June, the following adjustment had to be journalized to properly report the balances of the company's accounts: \begin{tabular}{|l|l|} \hline Jun 30 & For Prepaid Insurance, record the adjustment of $1,200 to the current month expense. \\ \hline Jun 30 & For Unearned Revenue, $4,350 still remains unearned at the end of June. \\ \hline Jun 30 & Monthly depreciation on the equipment was $2,150. \\ \hline \end{tabular} The rhart af Arraunte (fi nn I ie ehnwn halnw: Required: a) Prepare the journal entries for the month of June. You will also need to update the inventory in the table for each purchase and sale, return or allowance, found under the Inventory Valuation tab of this workbook. CREATE JOURNAL AND ADJUSTING ENTRIES INotes Relating to Balances: The bank loan has an annual interest rate of 9% and has monthly principal payment of $1,665. Transactions for the month of June: At the end of June, the following adjustment had to be journalized to properly report the balances of the company's accounts: \begin{tabular}{|l|l|} \hline Jun 30 & For Prepaid Insurance, record the adjustment of $1,200 to the current month expense. \\ \hline Jun 30 & For Unearned Revenue, $4,350 still remains unearned at the end of June. \\ \hline Jun 30 & Monthly depreciation on the equipment was $2,150. \\ \hline \end{tabular} The rhart af Arraunte (fi nn I ie ehnwn halnw: Required: a) Prepare the journal entries for the month of June. You will also need to update the inventory in the table for each purchase and sale, return or allowance, found under the Inventory Valuation tab of this workbook