Stacey Mendoza started her own accounting firm on June $1,$

$2022.$ The trial balance at June $30$ is as follows:

Mendoza, Accounting

Trial Balance

June $30,2022$

Debit Credit

Cash $50,000$

Accounts Receivable $30,000$

Supplies $29,000$

Prepaid Insurance $24,000$

Equipment $150,000$

Accumulated

Depreciation $$

Equipment

Accounts Payable $68,000$

Unearned Service Revenue $42,000$

Salaries and Wages Payable $-$

Mendoza, Capital $155,000$

Mendoza, Drawings $15,000$

Service Revenue $78,000$

Supplies Expense $-$

Depreciation Expense $-$

Insurance Expense $-$

Salaries and Wages Expense $30,000$

Rent Expense $15,000$

Utilities Expense $-$

Additional data:

$1.$ P$19,900$ of supplies have been used during the month.

$2.$ Utilities expense incurred but not paid on June $30,2022,$ P$4,250.$

$3.$ The insurance policy is for $2$ years.

$4.$ P$14,000$ of the balance in the unearned service revenue account remains

unearned at the end of the month.

$5.$ June $30$ is a Wednesday, and employees are paid on Fridays. Mendoza

Accounting has two employees who are paid P$20,000$ each for a five day

work week.

$6.$ The equipment has a $5-$year life with no residual value.

$7.$ Invoice representing P$22,000$ of services performed during the month has

not been recorded as of June $30.$

Required:

$1.$ Prepare the adjusting entries for the month of June, worksheet and financial statements.