PSB 4-4 RECORD ADJUSTING ENTRIES Record the necessary adjusting entries. Today is June...

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Accounting

PSB 4-4 RECORD ADJUSTING ENTRIES
Record the necessary adjusting entries. Today is June 30.
Not using eLab: Use the Journal Entries template.
Prior to June 30, the Supplies account had a $900 balance. A physical count today
indicates that $625 of supplies remain.
On June 9, a customer pays $7,000 in advance of services being provided. As of today,
$4,500 of services have been performed.
Employees work a seven-day workweek, earn total wages of $4,200 each week, and
are paid for each week's work on Sunday. June 30 falls on a Wednesday this year.
The company performed services totaling $12,200 this month, and as of today,
customers have not yet been billed.
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