Hao Lee opened a business called Lee Engineering and recorded the following transactions in its first month of operations.

Jun.		1		Hao Lee, the owner, invested $120,000 cash, office equipment with a value of $10,000, and $70,000 of drafting equipment to launch the company.
Jun.		2		The company purchased land worth $54,000 for an office by paying $13,300 cash and signing a long-term note payable for $40,700.
Jun.		2		The company purchased a portable building with $50,000 cash and moved it onto the land acquired on June 2.
Jun.		2		The company paid $6,000 cash for the premium on a 15-month insurance policy.
Jun.		7		The company completed and delivered a set of plans for a client and collected $10,200 cash.
Jun.		12		The company purchased $26,000 of additional drafting equipment by paying $14,500 cash and signing a long-term note payable for $11,500.
Jun.		14		The company completed $22,000 of engineering services for a client. This amount is to be received in 30 days.
Jun.		15		The company purchased $1,650 of additional office equipment on credit.
Jun.		17		The company completed engineering services for $24,000 on credit.
Jun.		18		The company received a bill for rent of equipment that was used on a recently completed job. The $1,800 rent cost must be paid within 30 days.
Jun.		20		The company collected $11,000 cash in partial payment from the client billed on June 14.
Jun.		21		The company paid $1,200 cash for wages to a drafting assistant.
Jun.		23		The company paid $1,650 cash to settle the account payable created on June 15.
Jun.		24		The company paid $1,175 cash for minor maintenance of its drafting equipment.
Jun.		26		Hao Lee withdrew $9,680 cash from the company for personal use.
Jun.		28		The company paid $1,200 cash for wages to a drafting assistant.
Jun.		30		The company paid $2,900 cash for advertisements on the web during June.

Descriptions of items that require adjusting entries on June 30, 2019, follow.

a) The company has completed, but not yet billed, $10,000 of engineering services for a client.

b) Straight-line depreciation on the office equipment, assuming a 5-year life and a $3,250 salvage value, is $140 per month.

c) Straight-line depreciation on the drafting equipment, assuming a 5-year life and a $18,000 salvage value, is $1,300 per month.

d) Straight-line depreciation on the building, assuming a 25-year life and a $14,000 salvage value, is $120 per month.

e) The balance in prepaid insurance represents a 15-month policy that went into effect on June 1.

f) Accrued interest on the long-term note payable is $120.

g) The drafting assistant is paid $1,200 for a 5-day work week. 2 days' wages have been incurred but are unpaid as of month-end.

I only need the 7 adjusting entries directly above (not the 17 transactions above that).

I only need the 7 adjusting entries directly above (not the 17 transactions above that).

Unadjusted General Ledger

Unadjusted Trial Balance

Hao Lee opened a business called Lee Engineering and recorded the following transactions in its first month of operations. Jun. 1 Hao Lee, the owner, invested $120,000 cash, office equipment with a value of $10,000, and $70,000 of drafting equipment to launch the company. Jun. 2 The company purchased land worth $54,000 for an office by paying $13,300 cash and signing a long-term note payable for $40,700. Jun. 2 The company purchased a portable building with $50,000 cash and moved it onto the land acquired on June 2 . Jun. 2 The company paid $6,000 cash for the premium on a 15 -month insurance policy. Jun. 7 The company completed and delivered a set of plans for a client and collected $10,200 cash. Jun. 12 The company purchased $26,000 of additional drafting equipment by paying $14,500 cash and signing a long-term note payable for $11,500. Jun. 14 The company completed $22,000 of engineering services for a client. This amount is to be received in 30 days. Jun. 15 The company purchased $1,650 of additional office equipment on credit. Jun. 17 The company completed engineering services for $24,000 on credit. Jun. 18 The company received a bill for rent of equipment that was used on a recently completed job. The $1,800 rent cost must be paid within 30 days. Jun. 20 The company collected $11,000 cash in partial payment from the client billed on June 14. Jun. 21 The company paid $1,200 cash for wages to a drafting assistant. Jun. 23 The company paid $1,650 cash to settle the account payable created on June 15. Jun. 24 The company paid $1,175 cash for minor maintenance of its drafting equipment. Jun. 26 Hao Lee withdrew $9,680 cash from the company for personal use. Jun. 28 The company paid $1,200 cash for wages to a drafting assistant. Jun. 30 The company paid $2,900 cash for advertisements on the web during June. Descriptions of items that require adjusting entries on June 30,2019 , follow. a) The company has completed, but not yet billed, $10,000 of engineering services for a client. b) Straight-line depreciation on the office equipment, assuming a 5 -year life and a $3,250 salvage value, is $140 per month. c) Straight-line depreciation on the drafting equipment, assuming a 5year life and a $18,000 salvage value, is $1,300 per month. d) Straight-line depreciation on the building, assuming a 25 -year life and a $14,000 salvage value, is $120 per month. e) The balance in prepaid insurance represents a 15-month policy that went into effect on June 1. f) Accrued interest on the long-term note payable is $120. g) The drafting assistant is paid $1,200 for a 5 -day work week. 2 days' wages have been incurred but are unpaid as of month-end. Journal entry worksheet The company has completed, but not yet billed, $10,000 of engineering services for a client. Prepare the required adjusting entry, if any. Note: Enter debits before credits. Journal entry worksheet Straight-line depreciation on the office equipment, assuming a 5-year life and a $3,250 salvage value, is $140 per month. Prepare the required adjusting entry, if any. Note: Enter debits before credits. Journal entry worksheet Straight-line depreciation on the drafting equipment, assuming a 5-year life and a $18,000 salvage value, is $1,300 per month. Prepare the required adjusting entry, if any. Note: Enter debits before credits. Journal entry worksheet Straight-line depreciation on the building, assuming a 25-year life and a $14,000 salvage value, is $120 per month. Prepare the required adjusting entry, if any. Note: Enter debits before credits. Journal entry worksheet The balance in prepaid insurance represents a 15-month policy that went into effect on June 1. Prepare the required adjusting entry, if any. Note: Enter debits before credits. Journal entry worksheet Accrued interest on the long-term note payable is $120. Prepare the required adjusting entry, if any. Note: Enter debits before credits. Journal entry worksheet The drafting assistant is paid $1,200 for a 5-day work week. 2 days' wages have been incurred but are unpaid as of month-end. Prepare the required adjusting entry, if any. Note: Enter debits before credits. \begin{tabular}{|l|c|c|c|c|} \hline Unadjusted \\ \hline \multicolumn{5}{|c|}{ Cash } \\ \hline \multicolumn{5}{|c|}{ Deneral Lee } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & Jun 30 & & & 39,595 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Accounts receivable } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & Jun 30 & & & 35,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Engineering fees earned } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & Jun 30 & & & 56,200 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Advertising expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & Jun 30 & & & 2,900 \\ \hline \end{tabular} >