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FOR UPVOTE......provide an accurate answer and make the necessary journal and adjusting entries for the month of June 2020: June 1: Bought a computer for
FOR UPVOTE......provide an accurate answer and make the necessary journal and adjusting entries for the month of June 2020:
June 1: Bought a computer for a total of $11000 by signing a note payable. Interest rate of 10% to be paid with the note payable on May 1 next year. the computer is expected to last for 4 years.
June 15: Recieved a $500 bill for advertising for a campaign that has heen run during the month.
June 20: Paid $1000 for a bill recieved earlier in the month.
June 28: Physical count that $3000 worth of supplies are still on hand. (additional info: beginning balance of supplies on May 31, 2020=750, June 3 2020 transaction: bought supplies for 9750)
June 30: Paid $1000 for the month's utility expense and acrrued employee salaries. Employees work for 5 days/week and are paid $4500 every friday. The month ended on a wednesday.
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