Refer to PB4-2.
Cactus Company's annual accounting year ends on June 30. It is June 30, 2014, and all of the 2014 entries except the following adjusting journal entries have been made:
a. The company earned service revenue of $2,000 on a special job that was completed June 29, 2014. Collection will be made during July 2014; no entry has been recorded.
b. On March 31, 2014, Cactus paid a six-month premium for property insurance in the amount of $3,200 for coverage starting on that date. Cash was credited and Prepaid Insurance was debited for this amount.
c. At June 30, 2014, wages of $900 were earned by employees but not yet paid. The employees will be paid on the next payroll date, which is July 13, 2014.
d. On June 1, 2014, Cactus collected two months' maintenance revenue of $450. At that date, Cactus debited Cash and credited Unearned Maintenance Revenue for $450. One- half of it has now been earned but not yet recorded.
e. Depreciation of $1,500 must be recognized on a service truck purchased on July 1, 2013.
f. Cash of $4,200 was collected on May 1, 2014, for services to be rendered evenly over the next year, beginning on May 1. Unearned Service Revenue was credited when the cash was received. Some of it has now been earned but not yet recorded.
g. The company owes interest of $600 on a bank loan taken out on February 1, 2014. The interest will be paid when the loan is repaid on January 31, 2015.
h. The income before any of the adjustments or income taxes was $31,675. The company's federal income tax rate is 30 percent. Compute adjusted income based on all of the pre- ceding information, and then determine and record income tax expense.
Required
Indicate the accounting equation effects (amount and direction) of each adjusting journal entry. Use + for increase, ˆ’ for decrease, and NE for no effect. Provide an appropriate account name for any revenue and expense effects.

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Shareholders' Equity Transaction Liabilities Assets (a) (b) (c) Etc.