Make balance day adjustments for prepayments and accruals using the general journal.

Record the following balance day adjustment on 30th Jun 2011 using cheque.myo data file:

Advertising Expense includes $50, which relates to an advertising campaign in the next month

Business paid Insurance premium $1,000 on 1st Jun 2011 for the year till 31st May 2012.

Record depreciation for Office equipment - straight line at 10% p.a.

Telephone Expenses - $200 accrued. The next invoice will be received at the end of July

Services appliances includes $600, which is a client's deposit to secure appliances service in July.

Note: create new head of accounts in the chart of account if required.