Record the following entries.

1. January 1, 2020 - Acquired $20,000 cash from the issue of common stock.
2. January 1, 2020 - Purchased $800 of supplies on account.
3. January 1, 2020 Purchased a truck for $10,000 cash. Salvage value is $2,000. Useful life is 4 years.
4. January 15, 2020 - Paid $4,200 cash in advance for a one-year lease on office space starting February 1, 2020.
5. March 31, 2020 - Earned $28,000 of revenue on account.
6. March 31, 2020 - Incurred $12,500 of other operating expenses on account.
7. March 31, 2020 - Collected $24,000 cash from accounts receivable.
8. March 31, 2020 - Paid $9,000 cash on accounts payable.
9. April 1, 2020 borrowed $10,000 from the bank on a 6 month Note Payable with a 10% interest rate.
10. June 30, 2020 Paid a $3,000 cash dividend to the stockholders.

Information for Adjusting Entries all should be dated June 30, 2020.

11. There was $150 of supplies on hand at the end of June 2020.
12. The lease on the office space covered a one-year period beginning February 1, 2020.
13. There was $3,600 of accrued salaries at the end of the period.
14. Your company estimates uncollectable accounts receivable as 1% of sales on account.
15. Record Depreciation on the truck purchased on January 1, 2020.
16. Record interest expense for the Note Payable dated April 1, 2020. Interest will be paid when the note is due.