Jun. 1 Leslie Adams, the owner, invested $124,000 cash, office equipment with a value of $11,000, and $72,000 of drafting equipment to launch the company. Jun. 2 The company purchased land worth $55,000 for an office by paying $14,700 cash and signing a long-term note payable for $40,300. Jun. 2 The company purchased a portable building with $49,000 cash and moved it onto the land acquired on June 2. Jun. 2 The company paid $6,600 cash for the premium on a 15-month insurance policy. Jun. 7 The company completed and delivered a set of plans for a client and collected $11,000 cash. Jun. 12 The company purchased $27,200 of additional drafting equipment by paying $15,500 cash and signing a long-term note payable for $11,700. Jun. 14 The company completed $23,600 of engineering services for a client. This amount is to be received in 30 days. Jun. 15 The company purchased $1,750 of additional office equipment on credit. Jun. 17 The company completed engineering services for $24,400 on credit. Jun. 18 The company received a bill for rent of equipment that was used on a recently completed job. The $1,900 rent cost must be paid within 30 days. Jun. 20 The company collected $11,800 cash in partial payment from the client billed on June 14. Jun. 21 The company paid $1,600 cash for vages to a drafting assistant. Jun. 23 The company paid $1,750 cash to settle the account payable created on June 15. Jun. 24 The company paid $1,225 cash for minor maintenance of its drafting equipment. Jun. 26 Leslie Adans withdrew $9,720 cash from the company for personal use. Jun. 28 The company paid $1,600 cash for wages to a drafting assistant. Jun. 30 The company paid $2,950 cash for advertisements on the web during June. Descriptions of items that require adjusting entries on June 30, 2019, follow a) The company has completed, but not yet billed, $10,800 of engineering services for a client b) Straight-line depreciation on the office equipment, assuming a 5-year life and a $3,150 salvage value, is $160 per month. Straight-line depreciation on the drafting equipment, assuming a 5-year life and a $18.200 salvage value, is $1,350 per month. d) Straight-line depreciation on the building, assuming a 25-year life and a $19,000 salvage value, is $100 per month. e) The balance in prepaid insurance represents a 15-month policy that went into effect on June 1 Accrued interest on the long-term note payable is $120. g) The drafting assistant is paid $1,600 for a 5-day work week. 2 days' wages have been incurred but are unpaid as of month-end.