Using this information, make the following adjusting entries. ALL ENTRIES MUST BE RECORDED AS OF JUNE 30, THE END OF THE SECOND QUARTER.

A. The unexpired insurance balance is $3,780.

B. The ending store and shop supplies inventory is $2,135.

C. A total of $985 worth of advertising copy, paid for in advance and correctly charged to the Advertising Expense account, will be received early next quarter.

D. All of the prepaid property tax is an expense for the quarter.

E. Wages accrued total 8.5 hours worked at $11.30 per hour.

F. Storage Fees Earned for the quarter total $10,450.

G. Straight-line depreciation of store equipment and fixtures totals $2,250 for the quarter. The new store equipment acquired June 26 will not be depreciated this quarter.

H. Depreciation of shop equipment is $460 per month. The new shop equipment acquired during the final week of June will not be depreciated for the second quarter.

I. Granite Bay Jet Ski, Inc., has three trucks. The new truck acquired on June 21 will not be depreciated this quarter. An old truck used only for short distance heavy hauling is fully depreciated. The third truck was acquired at a cost of $25,500, has a salvage value of $7,500, is depreciated on a miles driven basis (units of depreciation), and has an estimated service life of 120,000 miles. The truck was driven 2,240 miles during the quarter.

J. Accrue the interest on the short-term notes receivable. Calculate the interest to the nearest cent. Use the 360-day banker's year for all interest computations and record a single adjusting entry for the short-term interest. Note Receivable: $10,000, 8.5%, 60-day note, dated June 22

K. Additional income taxes expense for the period total $2,640.

L. Credit Card Expense (3.0%) on the outstanding balance of the Accounts Receivable, Credit Card Companies account balance has not been recorded. This accrual entry will decrease the Accounts Receivable, Credit Card Companies account.

M. The balance sheet (computer aging) method is used to estimate the balance of the Allowance for Doubtful Accounts account for the end of the quarter. The program has analyzed all accounts receivable and calculated the estimated balance of the account to be $2,190.50.