The events listed below all took place on 15 june 2016. Provide the journal entry necessary to record each event in the accounts of company X for the year ended 30 June 2016. If no entry is required , indicate this and give reasons. In most cases, an assumption is not necessary. If you feel an assumption is necessary, however, state it.

1) A new general manager is hired at an annual salary of $160000.

2) Company X receives a bill for $200 from a newspaper for an advertisement to be run on 30 June 2016. Payment is not due for 60 days.

3) A loan is obtained from the bank for $20000, repayable in two years time.

4) A landscaper agrees to improve land owned by company X. The agreed price for the work is $700.

5) An order for $900 of merchandise is received from a customer along with a cash deposit of $300.

6) A $600 insurance premium for coverage over the period from 1 July 2016 to 30 June 2017 is paid in cash.

7) Company X places an order for the purchase of supplies with a cost price of $2000.

8) Borrowed $300000 from bank by giving the bank a 9-month, 10 percent interest-bearing note payable.

9) Performed $3000 of the services, the rest will be provided next month.

10) Received the telecommunication bill for $2000 and will be paid in early next month.

11) 1 June received rent in advance of $15000 for the period from 1 June to 1 November.