Adjusting entries for the month

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Reference no: EM13158501

Supplies on hand at June 30 are \$631.

A utility bill for \$175 has not been recorded and will not be paid until next month.

The insurance policy is for a year.

\$2,543 of unearned service revenue has been earned at the end of the month.

Salaries of \$1,997 are accrued at June 30.

The office equipment has a 5-year life with no salvage value. It is being depreciated at \$295 per month for 60 months.

Invoices representing \$1,005 of services performed during the month have not been recorded as of June 30.

(a) Prepare the adjusting entries for the month of June.

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