Current Attempt in Progress Sheridan Paintball records adjusting entries on an annual basis. The company has the following information available on accruals that must be recorded for its year ended June 30. 1. 2. 3. 4. 5. Sheridan Paintball has a 3% note payable outstanding with its bank for $51.600. Interest is payable on a monthly basis on the first of the month. (For example, interest incurred during May would be paid June 1.) Sheridan Paintball is open seven days a week and employees are paid a total of $2.870 every Monday for a seven-day (Monday-Sunday) workweek. June 30, 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. Sheridan Paintball receives a commission from Pizza Shop next door for all pizzas sold to customers using the Sheridan Paintball facility. The amount owing for June is $530, which Pizza Shop will subsequently pay on July 7. The June utility bill for $405 was unrecorded on June 30. Sheridan Paintball paid the bill on July 9. Sheridan Paintball sold some equipment on June 1. in exchange for a $7,200, 6% note receivable, The principal and interest are due on September 1. (a) For each of the above items, prepare the adjusting entry required at June 30. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts List all debit entries before credit entries.) No. Date Account Titles and Explanation 1 June 30 2 June 30 3. June 30 4. June 30 5. June 30 Debit Credit Attempts: 0 of 1 used Submit