Auburn Company completed the following transactions during 2018–19. The annual accounting period ends 30 June 2019. 

a. Purchased inventory on credit at cost of $16 800; perpetual inventory system is used. 

b. Received a customer deposit of $18 000 from LPQ Ltd for services to be rendered in the future. 

c. Borrowed $900 000 from the bank on 1 March 2019 by giving the bank a six-month, 9 per cent interest bearing note payable. 

d. Performed $8000 of the services paid for by LPQ; the rest will be rendered in August 2019. 

e. Received the electricity bill for $24 200, which will be paid in early July. 

f. On 1 June 2019 received rent in advance of $20 600 from SFT Ltd for a three-month lease of premises from 1 June to 31 August 2019. 

g. Wages accrued in the last weekly payroll amounted to $23 000 and will be paid on 5 July 2019.

Required: 

1. Prepare journal entries for each of these transactions. 

2. Prepare all adjusting entries required on 30 June 2019.