Journal entries: June 1 - borrow 10,000 from bank and sign a 5% note. The principal and interest are due Sept 30 June 1 - buy $3000 of equipment for cash June 5 - buy $1500 of supplies on account June 9 - perform $1200 of service...receive $300 cash and the rest is billed on acct June 12 - receive $900 from customer for painting a bedroom on June 29 June 28 - receive full payment from customer billed on June 9 June 29 - pay for supplies purchased on June 5 June 29 - paint bedroom for customer who prepaid on June 12 June 29 - receive $230 bill for June utilities.. It will pay on July 15

Adjusting Journal entries (last day of period): June 30 - Record $50 of depreciation on equipment June 30 - record interest owed on note June 30 - determine that $300 of the supplies are left