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Date	Accounts	Post Ref	DEBIT	CREDIT
1-Jun	Cash		$ 210,000.00
	7.1% Notes Payable			$ 210,000.00
	(To record the receipt of note payable)
1-Jun	Purchases		$ 110,050.00
	Accounts Payable			$ 110,050.00
	(To record the purchase of GPS)
1-Jun	Cash		$ 50,000.00
	Common Stock			$ 50,000.00
	(To record the issuance of common stock)
1-Jun	Accounts Receivable		$ 148,725.00
	Sales			$ 148,725.00
	(To record the sales revenue)
2-Jun	Accounts Receivable		$ 197,200.00
	Sales			$ 197,200.00
	(To record the sales revenue)
2-Jun	Office Supplies		$ 1,150.00
	Accounts Payable			$ 1,150.00
	(To record the purchase of office supplies)
2-Jun	Accounts Receivable		$ 222,200.00
	Sales			$ 222,200.00
	(To record the sales revenue)
3-Jun	Retained Earning/Cash Dividend		$ 25,000.00
	Cash Dividend Payable			$ 25,000.00
	(To record the declaration of cash dividends)
4-Jun	Cash		$ 5,400.00
	Rent Revenue			$ 1,800.00
	Unearned Rent Revenue			$ 3,600.00
	(To record the receipt of rent)
5-Jun	Accounts Payable		$ 2,100.00
	Cash			$ 2,100.00
	(To record the payment on account)
7-Jun	Travelling Expense		$ 900.00
	Cash			$ 900.00
	(To record the travelling expense)
8-Jun	Accounts Payable		$ 1,150.00
	Cash			$ 1,150.00
	(To record the payment on account)
11-Jun	Accounts Payable		$ 110,050.00
	Merchandise Inventory-Discount			$ 2,201.00
	Cash			$ 107,849.00
	(To record the payment on account)
11-Jun	Consulting Fee		$ 5,400.00
	Cash			$ 5,400.00
	(To record the consulting expense)
12-Jun	Cash Dividend Payable		$ 25,000.00
	Cash			$ 25,000.00
	(To record the payment of cash dividend)
13-Jun	Merchandise Inventory		$ 156,000.00
	Accounts Payable			$ 156,000.00
	(To record the purchase of DVD)
13-Jun	Merchandise Inventory		$ 28,050.00
	Accounts Payable			$ 28,050.00
	(To record the purchase of GPS)
15-Jun	Accounts Receivable		$ 178,000.00
	Sales			$ 178,000.00
	(To record the sales revenue)
15-Jun	Salaries Expense		$ 14,500.00
	Wages Expense		$ 4,750.00
	Cash			$ 19,250.00
	(To record the payment of payroll)
16-Jun	Merchandise Inventory		$ 75,600.00
	Accounts Payable			$ 75,600.00
	(To record the purchase of Docking stations)
17-Jun	Sales Revenue-Sales Return		$ 12,300.00
	Accounts Receivable			$ 20,300.00
	(To record the sales return)
	Merchandise Inventory		$ 12,600.00
	Cost of Goods Soldd			$ 12,600.00
	(To record the reversal of cost of goods sold to inventory)
18-Jun	Cash		$ 145,751.00
	Sales Discount		$ 2,975.00
	Accounts Receivable			$ 148,725.00
	(To record the collection from customer)
20-Jun	Accounts Payable		$ 28,050.00
	Merchandise Inventory			$ 28,050.00
	(To record the return of inventory to vendor)
20-Jun	Bad Debts Expense/Allowance for Doubtful Accounts		$ 5,000.00
	Accounts Receivable			$ 5,000.00
	(To record the written off of an account)
22-Jun	Accounts Receivable		$ 106,425.00
	Sales			$ 106,425.00
	(To record the sales revenue)
23-Jun	Accounts Payable		$ 75,000.00
	Cash			$ 75,000.00
	(To record the payment on account)
23-Jun	Cash		$ 175,000.00
	Accounts Receivable			$ 175,000.00
	(To record the collection on account)
24-Jun	Miscellaneous/Travelling Expense		$ 100.00
	Cash			$ 100.00
	(To record the travelling expense)
25-Jun	Accounts Payable		$ 28,050.00
	Merchandise Inventory-Discount			$ 3,120.00
	Cash			$ 152,880.00
	(To record the payment on account)
26-Jun	Merchandise Inventory		$ 51,250.00
	Cash			$ 51,250.00
	(To record the purchase of Docking station)
27-Jun	Accounts Receivable		$ 91,500.00
	Sales Revenue			$ 91,500.00
	(To record the sales revenue)
27-Jun	Consulting Expense		$ 75,000.00
	Cash			$ 75,000.00
	(To record the consulting expense)
28-Jun	Note Payable		$ 2,000.00
	Interest Expense		$ 8,000.00
	Cash			$ 10,000.00
29-Jun	Cash		$ 89,670.00
	Accounts Receivable			$ 91,500.00
	Sales Discount		$ 1,830.00
	(To record the collection on account) Review the above journal entries then take the following adjustments below and post them to the "general journal-Adj": JUNE MONTH-END ADJUSTMENTS: AC Speed has earned one month of the prepaid rent received from their tenant at the beginning of June. The Company took a physical count of Office Supplies on June 30 and found the following to be on hand: Office Supplies - $2500 AC Speed estimates bad debt expense on a monthly basis rather than waiting until year-end. The company uses the allowance method. Based on recent industry estimates, AC Speed estimates that the allowance account should be 2% of accounts receivable. The Company took a physical inventory count on June 30 and found the following inventory on hand: Merchandise Inventory - $120000 The Balance in the prepaid insurance account at the beginning of June represents 4 months of coverage. Record the amount of insurance for June. Depreciation on the company's fixed assets for the month of June is as follows: 1. The furniture and equipment for the warehouse was purchased a few years ago for 10000. These assets have a 4-year life, an expected salvage value of 1000 and are depreciated using the straight-line method. 2. The furniture and equipment for the office was purchased last year for 8500. these assets have a 7 year life, an expected salvage value of 1500 and are depreicated using stright-line method. (To be clear, all i need is the entries for the "general journal-adjustment", it other words, how to I record the adjustments to a separate general journal for adjustment entries only?) Please provide me a "general journal-adjustments" sheet.

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