Karen Harris started her own accounting firm, Harris Accounting, on June 1, 2024. Karen wants to prepare monthly financial statements, so adjusting entries are required on June 30. Selected transactions for June follow: 1. $870 of supplies were used during the month. 2. Utilities expense incurred but not yet recorded or paid on June 30, 2024, is $249. 3. Paid cash of $3,600 for a one-year insurance policy on June 1, 2024. The policy came into effect on this date. 4. On June 1, purchased office equipment for $11,880 cash. It is being depreciated at $198 per month for 60 months. 5. On June 1, Karen signed a note payable for $12,600, 6% interest. 6. Assume June 30 is a Wednesday and employees are paid on Fridays. Harris Accounting has two employees, who are paid $870 each for a five-day workweek that ends on Friday. 7. 8. On June 15, received a $1,040 advance cash payment from a client for accounting services expected to be provided in the future. As at June 30, one-half of these services had not been performed. Invoices representing $1,700 of services performed during the month of June have not been recorded as at June 30. Prepare adjusting entries for the items above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Q blackboar X Gradeboo X MindTap - X Hypatia XQ wileyplus X WP ACC106 L: Xx WP Question 4 X Course He X Search Rex + https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=62468331-83af-4eac-820b-ebb70cc05aed#/questi... A ACC106 Lab #4 Ch# 3 20C Mostly cloudy Question 4 of 4 < > No. Date Account Titles and Explanation Debit 1. June 30, 2024 2. June 30, 2024 3. June 30, 2024 4. June 30, 2024 5. June 30, 2024 Search i B. -/4 E ! Credit 63 09:41 05/10/2023 Q blackboar X Gradeboo X MindTap - X Hypatia XQ wileyplus X WP ACC106 L: Xx WP Question 4 X Course He X Search Rex + https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=62468331-83af-4eac-820b-ebb70cc05aed#/questi... A ACC106 Lab #4 Ch# 3 20C Mostly cloudy Question 4 of 4 < > 6. June 30, 2024 7. June 30, 2024 8. June 30, 2024 eTextbook and Media List of Accounts -/4 63 09:41 Q Search B. 05/10/2023