Question: Use a journal format to prepare end - of - month adjustments for June for the following: ( a ) The balance in the Supplies

Use a journal format to prepare end-of-month adjustments for June for the following:
(a) The balance in the Supplies account is $3500. An inventory taken at the end of the month shows supplies on hand worth $945.
(b) The beginning balance in the Prepaid Rent account is $9000. The monthly rent is $3000.
(c) A 12-month insurance policy was purchased for $2400 at the beginning of the month. The balance in Prepaid Insurance is $2400.
(d) The Truck account has a balance of $70000 and Accumulated Depreciation-Truck has a balance of $35700. The depreciation rate is 30 percent per year using the declining-balance method.
(e) After these adjustments have been posted to the ledger accounts, what is the balance in:
(i) Supplies?
(ii) Supplies Expense?
(iii) Prepaid Insurance?
(iv) Insurance Expense?
(v) Depreciation Expense-Truck?
(vi) Accumulated Depreciation-Truck?
(vii) Prepaid Rent?
(viii) Rent Expense?
 Use a journal format to prepare end-of-month adjustments for June for

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