On June 30, the end of the current fiscal year, the following information is

available to Conti Company's accountants for making adjusting entries:

a. Among the liabilities of the company is a mortgage payable in the amount of

$260,000. On June 30, the accrued interest on this mortgage amounted to

$13,000.

b. On Friday, July 2, the company, which is on a five-day workweek and pays

employees weekly, will pay its regular salaried employees $18,700.

c. On June 29, the company completed negotiations and signed a contract to

provide monthly services to a new client at an annual rate of $7,200.

d. The Supplies account shows a beginning balance of $1,615 and purchases

during the year of $4,115. The end-of-year inventory reveals supplies on

hand of $1,318.