Ezy Solutions Pty Ltdforgot to provide you with the following five accrual adjustment data:

1.Received a gift of $10 000 on 1 June 2021 and deposited the whole amount in a bank at a rate of 6 percent, for one year. The bank will pay the interest quarterly, with the first quarter interest due on 1 September 2021.

2.Purchased by cash a total of $250 of office supplies on 1 June 2021. On 30 June 2021, $100 of the office supplies remain.

3.Purchased by cash 12 months' equipment insurance on 1 June 2021, at a cost of $2 400.

4.Accepted a deposit by a customer for $4 000 on 1 June 2021 for an online order of $40 000 that will be delivered and fully paid for on 30 June 2021.

5.Employees earned wages during June 2021 that amounted to $6 500. The next payroll date when they will be paid is 5 July 2021.

Assessment Task:

For each transaction above, record (i) the original journal entries), (ii) the adjusting journal entries), and (iii) any post-year-ending entries). Make sure you specify the date of each journal entry.

(5 x 1 Mark = 5 Marks)

Only the necessary adjusting journal entries are needed