The Balance Sheet accounts of Village Appliance Shop, Inc., at June 30, 2020, appear below: The following transactions took place during the month of July 2020 : (1) Paid creditors $400. (2) Performed repair services, for which it received $900 immediately. (3) Performed additional repair work, $200, and sent bills to customers for this amount. (4) Collected $100 of the amount charged to customers in transaction (3). (5) Issued a check for $130 for rent of shop space for July. (6) Took out insurance on equipment on July 1, and issued a check to cover one year's premium of $96. (7) Paid telephone bill of $35 for July. (8) Paid $60 for a series of ads that appeared in the local newspaper during July. The following information is available at month-end for adjusting entries: a) The equipment has an estimated useful life of 36 months and a salvage value of $240. b) The cost of repair parts used during the month is $180. c) The cost of office supplies used during July is $40. d) Wage expense of $1,200 is owed but unpaid and unrecorded at July 31 . e) $100 interest accrued on the Notes payable for the month is unrecorded. f) Repair services in the amount of $400 was performed but was neither collected nor recorded. g) Insurance on equipment expired for one month