Carlos Sanchez opened a business called Sanchez Engineering andrecorded the following transactions in its first month ofoperations.

Jun.		1		Carlos Sanchez, the owner, invested$134,000 cash, office equipment with a value of $13,500, and$77,000 of drafting equipment to launch the company.
Jun.		2		The company purchased land worth$57,500 for an office by paying $18,200 cash and signing along-term note payable for $39,300.
Jun.		2		The company purchased a portablebuilding with $46,500 cash and moved it onto the land acquired onJune 2.
Jun.		2		The company paid $8,100 cash forthe premium on a 15-month insurance policy.
Jun.		7		The company completed and delivereda set of plans for a client and collected $13,000 cash.
Jun.		12		The company purchased $30,200 ofadditional drafting equipment by paying $18,000 cash and signing along-term note payable for $12,200.
Jun.		14		The company completed $27,600 ofengineering services for a client. This amount is to be received in30 days.
Jun.		15		The company purchased $2,000 ofadditional office equipment on credit.
Jun.		17		The company completed engineeringservices for $25,400 on credit.
Jun.		18		The company received a bill forrent of equipment that was used on a recently completed job. The$2,150 rent cost must be paid within 30 days.
Jun.		20		The company collected $13,800 cashin partial payment from the client billed on June 14.
Jun.		21		The company paid $1,600 cash forwages to a drafting assistant.
Jun.		23		The company paid $2,000 cash tosettle the account payable created on June 15.
Jun.		24		The company paid $1,350 cash forminor maintenance of its drafting equipment.
Jun.		26		Carlos Sanchez withdrew $9,820 cashfrom the company for personal use.
Jun.		28		The company paid $1,600 cash forwages to a drafting assistant.
Jun.		30		The company paid $3,180 cash foradvertisements on the web during June.

  
For transactions a-g, review the unadjusted balance andprepare the adjusting entry necessary to correctlyreport the revenue earned or the expenseincurred.  Descriptions of items thatrequire adjusting entries on June 30, 2017, follow.

a) The company has completed, but not yet billed, $12,800 ofengineering services for a client.

b) Straight-line depreciation on the office equipment, assuminga 5-year life and a $2,900 salvage value, is $210 per month.

c) Straight-line depreciation on the drafting equipment,assuming a 5-year life and a $11,200 salvage value, is $1,600 permonth.

d) Straight-line depreciation on the building, assuming a25-year life and a $7,500 salvage value, is $130 per month.

e) The balance in prepaid insurance represents a 15-month policythat went into effect on June 1.

f) Accrued interest on the long-term note payable is $140.

g) The drafting assistant is paid $1,600 for a 5-day work week.2 days' wages have been incurred but are unpaid as ofmonth-end.