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Accounting 2101 Ch. 3 -Journalizing Transactions I. Journalizing Transactions a) June 1-Signed a $15,000, 12 month note at First Bank, 8.25% APR. b) June 1 -Received $25,000 from a customer for services to be performed at a future date. c) June 1 -Paid cash for one year insurance policy, $6000 - d) June 1 -Paid rent in advance for one year, $12,0o0 e) June 6-Performed services on account, $10,000 f) June 10- Paid cash for supplies, $5,000 g) June 10- Received $6000 for services performed h) June 16-Provided services totaling $15,000; received 40% and the remainder is on account i) June 23-Purchased supplies totaling, $2200, paid 25% and the remainder is on account j) June 24 Paid advertising, $2500.00 k) June 26-Provided services totaling $12,000; received $5,000 and the remainder is on account 1) June 27-Received total amount due from customer from transaction "e"above Il. Adjusting Entries. Read and then journalize each adjusting entry below, for the month ending June 30. a) June 30-Supplies used totaled $1,500 b) June 30 - Record expired insurance c) ( e) f) 8) June 30 -Ten percent of unearned revenue has been earnedbo June 30-Record expired rent June 30-Salaries incurred but not yet recorded total $6,500.00 June 3 June 30-Office Equipment depreciates $1,000 per month 150 0XB.25>, - los 0-Record accrued interest x h) June 30-Accrued utilities totaled $5,000

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