Paula Parker opened a business called Parker Engineering and recorded the following transactions in its first month of operations. un. 1 Paula Parker, the owner, invested $146,000 cash, office equipment with a value of $16,500, and $83,000 of drafting equipment to launch the company in exchange for common stock. un. 2 The company purchased land worth $60,500 for an office by paying $22,400 cash and signing a long-term note payable for $38,100. un. 2 The company purchased a portable building with $43,500 cash and moved it onto the land acquired on June 2 . un. 2 The company paid $9,900 cash for the premium on a 15-month insurance policy. un. 7 The company completed and delivered a set of plans for a client and collected \$15,400 cash. un. 12 The company purchased $33,800 of additional drafting equipment by paying $21,000 cash and signing a long-term note payable for $12,800. un. 14 The company completed $32,400 of engineering services for a client. This amount is to be received in 30 days. un. 15 The company purchased $2,300 of additional office equipment on credit. un. 17 The company completed engineering services for $26,600 on credit. un. 18 The company received a bill for rent of equipment that was used on a recently completed job. The $2,450 rent cost must be paid within 30 days. un. 20 The company collected $16,200 cash in partial payment from the client billed on June 14 . un. 21 The company paid $1,800 cash for wages to a drafting assistant. un. 23 The company paid $2,300 cash to settle the account payable created on June 15 . un. 24 The company paid $1,500 cash for minor maintenance of its drafting equipment. un. 26 The company paid $9,940 cash in dividends. un. 28 The company paid $1,800 cash for wages to a drafting assistant. un. 30 The company paid $3,420 cash for advertisements on the web during June. Descriptions of items that require adjusting entries on June 30 , follow. 1) The company has completed, but not yet billed, $15,200 of engineering services for a client. ) Straight-line depreciation on the office equipment, assuming a 5-year life and a $2,600 salvage value, is $270 per month. :) Straight-line depreciation on the drafting equipment, assuming a 5-year life and a $11,800 salvage value, is $1,750 per month. 1) Straight-line depreciation on the building, assuming a 25 -year life and a $10,500 salvage value, is $110 per month. ) 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 $170. ) The drafting assistant is paid $1,800 for a 5 -day work week. 2 days' wages have been incurred but are unpaid as of month-end. Use the drop-downs to select the accounts properly included on the income statement. The unadjusted or adjusted balances will appear for each account, based on your selection. f) Accrued interest on the long-term note payable is $170. g) The drafting assistant is paid $1,800 for a 5-day work week. 2 days' wages have been incurred but are ur Use the drop-downs to select the accounts properly included on the income statement. The unadjuste balances will appear for each account, based on your selection