General journal and adjusting entries a)

Anjuli is an accountant and sole proprietor of her business Anjulis Accounting Services. The following transactions occurred during May 20X2.

May 1 Paid rent of $39 600 (including GST) for the office for the next six months beginning 1 May.

May 1 Purchased computers for the business for $12 000 (plus $1 200 GST). The business took out a short-term loan of $9 000 (to be repaid 30 December 20X2 with interest charged at 6% per annum and payable when the loan is repaid) and paid the remainder in cash. The computers are to be depreciated over 3 years.

May 2 Provided accounting services to a client and billed the client for $1 200 plus GST.

May 4 Purchased office supplies on credit for $2 000 plus GST.

May 5 Received $3 300 from a client in settlement of their outstanding debt from a sale.

May 6 Paid $1 400 plus GST for electricity charges.

May 31 Paid professional membership fees of $720 (plus GST) for the next 12 months.

GST is 10%.

Required:

Record all of the above transactions in the general journal of Anjulis Accounting Services. Narrations are not required.

Some of the transactions in (a) above will require adjusting entries on 30 June 20X2 when the business prepares its financial statements.

Additional information: At the beginning of May 20X2, there was $620 of office supplies on hand. At 30 June 20X2, $450 of office supplies remained. No further purchases of office supplies were made in May or June other than the above.

Required:

Record all adjusting entries required. Show all calculations. Narrations are not required.