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X 1076164 X Ba H15001 Interactive Tutorial 51. HI5001 Interactive Tutorial - X H15001-$2 ONUNE - Ha ( * + learn-ap-southeast-2-prod-fleet01-xythos.content.blackboardcdn.com/5bfdd02798410/10761647X-Blackboard-Expiration=16203564000008X-Blackboard-Signature=D1ig4Vb0 6164 3/5 100% The financial year for Drip Dry Cleaning Services ends on 30 June. Using the following information, make the necessary adjusting entries at year-end. Ignore GST. Ignore Narration. 1. On 15 February, Danielle Drip's business borrowed $16 000 from Northern Bank at 8% interest. The principal and interest are payable on 15 August. 2. Drip Dry Cleaning Services purchased a 1-year insurance policy on 1 March of the current year for $660. A 3-year policy was purchased on 1 November of the previous year for $2700. Both purchases were recorded by debiting Prepaid Insurance. 3. The business has two part-time employees who each earn $220 a day. They both worked the last 3 days in June for which they have not yet been paid. 4. On 1 June, the Highup Hotel paid the business $2100 in advance for doing their dry cleaning for the next 3 months. This was recorded by a credit to Unearned Dry Cleaning Revenue. 5. The supplies account had a $280 debit balance on 1 July- Supplies of $1560 were purchased during the year and $190 of supplies are on hand as at 30 June. Required: Prepare the necessary adjusting entries at 30 June (10 marks) Accounts Ref Debit Credit Date a- borg lab cp is pharing your women. Stop thering 9:51 AM ENG 9 Type here to search O e