Current Attempt in Progress Michelle Hall started her own accounting firm. Hall Accounting. on June 1, 2024. Michelle wants to prepare monthly financial statements, so adjusting entries are required on June 30 . Selected transactions for June follow: 1. $950 of supplies were used during the month. 2. Utilities expense incurred but not yet recorded or paid on June 30,2024 , is $265. 3. Paid cash of $3,792 for a one-year insurance policy on June 1,2024. The policy came into effect on this date. 4. On June 1. purchased office equipment for $13,800cash. It is being depreciated at $230 per month for 60 months. 5. On June 1. Michelle signed a note payable for $11,600,6% interest. 6. Assume June 30 is a Wednesday and employees are paid on Fridays. Hall Accounting has two employees, who are paid $920 each for a five-day workweek that ends on Friday. 7. On June 15 , recelved $1,220 advance cash payment from a client for accounting services expected to be provided in the future. As at June 30 , one-half of these services had not been performed. 8. Invoices representing $1,700 of services performed during the month of June have not been recorded as at June 30 . Prepare adjusting entries for the items above. (Credit account tities are outomatically indented when the omount is entered. Do not indent manwaliv if na entrvis reauired, select "No Entry" for the account titles and enter of for the amounts: List oll debit entries before credit entries.) Question 4 of 6 June 30,2024 June 30,2024 June 30,2024 eTextbook and Media List of Accounts