Create the General Ledger Using the information provided Inventory valuation tab is included at the bottom

Inventory valuation tab

Ine pank oan nas an annual interest rate or }% ana nas montniy principal payment of $1,665. Tha Chort af Areaunte ifi nn I le ehmus halmus. Required: a) Prepare the journal entries for the month of June. You will also need to update the inventory in the table for each purchase and sale, return or allowance, found under the Inventory Valuation tab of this workbook. Transactions for the month of June: At the end of June, the following adjustment had to be journalized to properly report the balances of the company's accounts: \begin{tabular}{|l|l|} \hline Jun 30 & For Prepaid Insurance, record the adjustment of $1,200 to the current month expense. \\ \hline Jun 30 & For Unearned Revenue, $4,350 still remains unearned at the end of June. \\ \hline Jun 30 & Monthly depreciation on the equipment was $2,150. \\ \hline \end{tabular} Notes: found unit cost to 2 decimal places, then apply to quanity sold when determining total cost of goods sold. Use this chart to keep track of inventory values The inventory figure includes 950 units purchased at $40.00 each. Ine pank oan nas an annual interest rate or }% ana nas montniy principal payment of $1,665. Tha Chort af Areaunte ifi nn I le ehmus halmus. Required: a) Prepare the journal entries for the month of June. You will also need to update the inventory in the table for each purchase and sale, return or allowance, found under the Inventory Valuation tab of this workbook. Transactions for the month of June: At the end of June, the following adjustment had to be journalized to properly report the balances of the company's accounts: \begin{tabular}{|l|l|} \hline Jun 30 & For Prepaid Insurance, record the adjustment of $1,200 to the current month expense. \\ \hline Jun 30 & For Unearned Revenue, $4,350 still remains unearned at the end of June. \\ \hline Jun 30 & Monthly depreciation on the equipment was $2,150. \\ \hline \end{tabular} Notes: found unit cost to 2 decimal places, then apply to quanity sold when determining total cost of goods sold. Use this chart to keep track of inventory values The inventory figure includes 950 units purchased at $40.00 each