Cullumber Paintball records adjusting entries on an annual basis. The company has the following information available on accruals that must be recorded for the year ended June 30, 2021. 1. 2. Cullumber Paintball has a 4% note payable with its bank for $43,200. Interest is payable on a monthly basis on the first of the month. Cullumber Paintball is open seven days a week and employees are paid a total of $3,710 every Monday for a seven-day (Monday-Sunday) workweek. June 30, 2021, is a Wednesday so employees will have worked three days (Monday- Wednesday) before the year end that they have not been paid for as at June 30. Employees will be paid next on Monday, July 5, 2021. Cullumber Paintball receives a commission from Pizza Shop next door for all pizzas sold to customers using the Cullumber Paintball facility. The amount owing for June is $500, which Pizza Shop will pay on July 7, 2021. The June utility bill for $350 was unrecorded on June 30. Cullumber Paintball paid the bill on July 9, 2021. Cullumber Paintball sold some equipment on June 1, 2021, in exchange for a $8,400, 8% note receivable. The principal and interest are due on September 1, 2021. 3. 4. 5. Debit Credit No. Date Account Titles and Explanation June 30 1. 2. June 30 3. June 30 June 30 . 5. June 30 Date Account Titles and Explanation Debit Credit July 5