The details of the end of month adjustments for June are as follows: Cash Registers owned by the business: original purchase price was $10,000, estimated useful life was 5 years, and estimated residual value was $2,000 at the end of the useful life. Depreciation is calculated on a monthly basis using the straight line method. The monthly depreciation charge is calculated as the yearly depreciation expense divided by the number of months in a year. Store Fixtures owned by the business: original purchase price was $37,000, estimated useful life was 9 years, and estimated residual value was $4,000 at the end of the useful life. Depreciation is calculated on a monthly basis using the straight line method. The monthly depreciation charge is calculated as the yearly depreciation expense divided by the number of months in a year. The water usage for the month of June is estimated to be $118. The estimated electricity payable as at the end of June is $440. Sales staff work every single day during the week including weekends and are paid on a weekly basis. Wages were last paid up to and including 24 June. Wages incurred after that day (from 25 June to 30 June inclusive) are estimated to have been $320 per day. Interest expense incurred during the month of June but not yet paid to Earth Bank for the bank loan is $245. Interest earned from short-term investments in ZNZ Bank for the month of June is $100. Office supplies totalling $1,732 are still on hand at 30 June. 15 days of rent remained pre-paid at the start of June. 3 months of advertising remained pre-paid at the start of June. 5 months of insurance remained pre-paid at the start of June. When calculating the portion of prepayments that expire during the month of June, you are asked to assume that an equal amount of expense is incurred per month. Additionally, a stocktake revealed that the balance of inventory on hand as at 30 June is equal to the closing balance of the Inventory account. This means there is no adjusting entry required for inventory shrinkage.

Acct. No.	Account Name	Unadjusted Trial Balance		Adjustments		Adjusted Trial Balance		Income Statement		Balance Sheet
		Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit
100	Cash at Bank
102	Short-term Investments
110	ARC - Accounts Receivable Control
112	Interest Receivable
120	Inventory
130	Office Supplies
135	GST Outlays
140	Prepaid Rent
141	Prepaid Advertising
142	Prepaid Insurance
150	Cash Registers
151	Accum Depn: Cash Registers
160	Store Fixtures
161	Accum Depn: Store Fixtures
210	APC - Accounts Payable Control
220	Wages Payable
221	Electricity Payable
222	Water Payable
225	Interest Payable
240	GST Collections
250	Bank Loan Payable
300	Share Capital
301	Retained Earnings
400	Sales Revenue
401	Sales Returns and Allowances
402	Discount Received
403	Interest Revenue
500	Cost of Sales
511	Advertising Expense
516	Wages Expense
540	Rent Expense
541	Electricity Expense
542	Water Expense
543	Insurance Expense
544	Office Supplies Expense
545	Salary Expense
560	Depn Expense: Cash Registers
561	Depn Expense: Store Fixtures
571	Interest Expense
572	Bank Charges
573	Discount Allowed
	Totals
	Profit/loss
	Totals