Use the information provided below to prepare all necessary adjusting entries in the general journal. You will need to establish several new accounts.

1. As of May 31, the company owes its employees $850 of wages to be paid on the next payday.

2. A count of office supplies shows that $425 of supplies are on hand.

3. A review shows that $1,525 of boat customization work has been completed, nut has never been paid and was never recorded.

4. Deprectiation of 700 on the equipment

5. The notes accured 47 of interest during MAY.

Notes ammount 10,750 was a 5 year note

Supplies 400 supplies expense 450

was no intrest shown