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Juan Perez opened a business called Perez Engineering and recorded the following transactions in its first month of operations, Sun. 1 Juan Peres, the owner, invested $110,000 cash, office equipment with a value of $9,500, and $69,000 of drafting equipment to launch the company Tun ? The company purchased land worth $53,500 for an office by paying $12,600 cash and signing a long term note payable for $40,000 Jun > The company purchased a portable building with $50,500 cash and moved it onto the land acquired on June 2. Jun 2 The company paid $5.700 cash for the premium on 15-month insurance policy. Jun 7 The company completed and delivered a set of plans for client and collected $9,500 cash. Jun. 12 The company purchased $25,400 of additional drafting equipment by paying $14,000 cash and signing a long-tern note payable for $11,400 Sun 14 The company completed $21,200 of engineering service for a client. This anount is to be received in 30 days Jun 15 The company purchased $1,000 of additional office equipment on credit Yun. 17 The company completed engineering services for $23,000 on credit. Jun. 15 The company received a bill for rent of equipent that was used on a recently completed job. The $1,750 rent cost must be paid within 30 days. Jun. 20 The company collected $10,00 cash in partial payment from the client billed on June 14, Jun 21 The company paid $2.000 cash for wages to a drafting assistant Jun. The company paid $1,600 cash to settle the account payable created on June 15 Jun. 24 The company paid $1,150 cash for minor maintenance of its drafting equipment Jun 26 Juan Perez withdres $9,660 cash from the company for personal use Jun 28 The company paid $2,000 cash for wages to a drafting assistant Jun. 30 The company paid $2,860 cash for advertisements on the web during June Journal entry worksheet 1 Journal entry worksheet Journal entry worksheet 5 7 Accrued Interest on the long-term note payable is $110. Prepare the required adjusting entry, if any. Note: Enter debits before credits. Account Title Debit Credit Date Jun 30 Record entry Clear entry View general journal Journal entry worksheet 2