The following transactions occurred during the company's first month. June 1 The owner invested $32,000 cash and vehicle worth $26,000 in the company. 2 The company rented furnished office space by paying $7,800 cash for the 6 month's rent in advance. 3 The company purchased $2,500 of office supplies for cash. 7 The company purchased goods for $4,500 on account. 10 The company paid $2,160 cash for the premium on a 6-month insurance policy. 16 The company sold goods for $4,050 by receiving a promissory note. 19 The company purchased goods for $2,250 in cash. 20 The company collected $1,600 cash for the services that will be rendered in coming days. 23 The company sold goods for $2,760 on account. 28 The company paid $4,400 cash for salaries earned by employees. 29 The company paid $750 cash for minor repairs to the company's vehicle. 30 The company paid $550 cash for this month's telephone bill. 30 The owner withdrew $1,200 cash from the company for personal use. Use the following information to journalize and post adjusting entries for the month: a. One month's insurance coverage has expired and one month's rent has expired. b. At the end of the month, $700 of office supplies are still available. c. This month's depreciation on the computer equipment is $500. d. Employees earned $520 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,300 of advanced collection made on June 20. f. The company earned $3,050 of commissions that are not yet billed at month-end. g. Cost of goods on hand as of June 30, 2017 is $1,250