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The entries are required as a copy-able formatted table (not a screenshot). Thank you. Prepare any adjusting entries necessary for the following transactions: (Hint: Do
The entries are required as a copy-able formatted table (not a screenshot). Thank you.
Prepare any adjusting entries necessary for the following transactions: (Hint: Do not do the Journal Entries on 1 and 14 June, do the Adjusting entries on 30 June) June 1 June 1 Borrowed $18 000 from the bank on a short-term loan. By the end of June interest of $70 had accrued. Purchased a 12-month insurance policy for $1 560, debited to Prepaid Insurance when purchased. Paid $300 for 3 months' rent (Jun, Jul & Aug), debited to Prepaid Rent when paid. Purchased supplies on credit $150. At 30 June supplies worth $60 are on hand. June 1 June 14
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