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URGENT!!!!! PLEASE HELP!!! Use the following information to prepare to adjust journal entries for Roadsters Inc on June 30, 2022. Roadsters have performed but not
URGENT!!!!! PLEASE HELP!!!
Use the following information to prepare to adjust journal entries for Roadsters Inc on June 30, 2022.
- Roadsters have performed but not billed customers for services of $3,000.
- The Supplies account balance is $2,090. An inventory of supplies on hand at the end of June shows supplies with a cost of $1,050 on hand.
- Salaries earned but not to be paid until the next payday on July 5 totals $4,200.
- Roadsters accepted a deposit of $500 in May for work to be performed in June. The project is now complete.
- Roadsters rents warehouse space to another business, Rhino Imports, for $1,000 per month. Rhino has not yet paid June rent.
- Roadsters owe $20,000 on a Note Payable. Interest is accrued monthly at an annual rate of 9%.
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