The trial balance before adjustments for Sarmiento Delivery Services at the end of the first month of operations follows: Sarmiento Delivery Services Trial balance June 30, 20X5 Debit Credit Cash $ 6,000 Prepaid Insurance 14,400 Shop Supplies 1,300 Delivery Equipment 138,000 Note Payable $ 62,000 Unearned Service Revenue 18,000 A. Sarmiento, Capital 75,000 A. Sarmiento, Drawings 4,000 Financiare AC22011 Final Exams Page 8 30,800 Delivery Revenue Salaries Expense Advertising Expense Equipment Maintenance Expense Rent Expense 18,000 1,600 900 1,600 $ 185,800 185,800 Details of events and additional information: 1. The insurance policy has a one-year term that began June 1, 20X5. 2. The Delivery Equipment has an estimated useful life of 10 years, with no saleable value at the end of 10 years 3 The 8% note payable was issued on June 1, 20X5 to purchase the equipment 4. Deposits received in advance of delivery services being provided were collected from customers during the month of June and recorded to Unearned Service Revenue. Half of the total amount received was determined as having been eamed by June 30 5. Employees are paid a combined total of $300 per day At June 30, four days' salanes are unpaid. Payment of salaries in the amount of $2,100 was made on July 4, 20X5 6. Customers having received delivery services but for whom invoices had not yet been issued amounted to $4.500. ACC 2201 OL V-B May 2020 Final Exam B-Online - Questions Review View A B C D Ee EEE 21 3 AaBb CcDdEt AaBbCcI AaBbCcI Emphasis Heading 1 Heading 2 Caption diting on a Mac. To learn more, contact your admin about your Office plan. Financial Anal (ACC2201) Final Exam 3 Page 6 of 8 30,800 Delivery Revenue Salaries Expense Advertising Expense Equipment Maintenance Expense Rent Expense 18,000 1,600 900 1,600 $ 185,800 $..185,800 Details of events and additional information: 1. The insurance policy has a one-year term that began June 1, 20X5. 2. The Delivery Equipment has an estimated useful life of 10 years, with no saleable value at the end of 10 years. 3. The 8% note payable was issued on June 1, 20x5 to purchase the equipment 4. Deposits received in advance of delivery services being provided were collected from customers during the month of June and recorded to Uneared Service Revenue. Half of the total amount received was determined as having been eamed by June 30. 5. Employees are paid a combined total of $300 per day. At June 30, four days' salaries are unpaid. Payment of salaries in the amount of $2,100 was made on July 4, 20X5. 6. Customers having received delivery services but for whom invoices had not yet been issued amounted to $4,500. 7. Additional advertising costs of $200 have been incurred, but not recorded at June 30. 8 A count of shop supplies at June 30 shows $1,000 of shop supplies on hand. Part A: (15 Marks) Prepare the adjusting journal entries required at the month end June 30, 20X5. Part B: (2 Marks) Record the subsequent cash transaction in July 20x5