Maria Sanchez began business as Sanchez Law firm on June 1, 2020 and during that month completed these transactions. June 1 Sanchez invested $15,000 cash in the business. 2 Purchased $7,500 of office equipment from Johnson Bros. on credit. 2 Paid $2,000 for a one year insurance policy. 8 Completed legal work for a client and received $1,500 cash in full payment. 14 Received $2,500 cash for legal work to be completed next month. 18 Paid Johnson Bros. $3,500 cash in partial settlement of the amount owed on June 2. 28 Sanchez withdrew $2,000 cash for personal use.

1.Prepare the adjusting entries at June 30, 2020 assuming that adjusting entries are made monthly. 1. The office equipment has been depreciated at 190$ per month. 2. $500 of supplies have been used during the month. 3. Invoice representing $1,000 of legal work performed during the month has not been recorded as of June 30.