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The financial year for uChampion (UC) ends on 31 May. The following adjusting entries need to be recorded for the month ending 31 May

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The financial year for uChampion (UC) ends on 31 May. The following adjusting entries need to be recorded for the month ending 31 May 2022: 1 The Revenue ledger balance includes unearned revenue. 100 2 The Repairs expense incurred but not paid at year-end. $120 3 The supplies account had a $10 debit balance on 1 June 2021. Supplies of $160 were purchased during the year and supplies $? of $20 are on hand as at 31 May 2022. You calculate $? 4 Depreciation on Motor Vehicle is yet to be recorded. $190 5 The Insurance Expense ledger balance includes amount for insurance in June 2022. $140 6 The business paid for a Professional Secretary (PS) Magazine annual subscription on 1 December 2021. The prepaid subscription for the full year was... $300 Required: Journalise the required adjusting entries for the month of May. Narrations are not required. 12 marks

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