1. The problem statement, all variables and given/known data Use a journal to prepare end-of-month adjusting entries for June 30th, 20-- for the following. The accounting period is one month. a) The balance in the supplies account is $865. Inventory taken at the end of the month shows supplies on hand worth $349. 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 the prepaid insurance account is $2400. d) The truck account has a balance of $60 000, and accumulated depreciation - truck has a balance of $30 600. The depreciation rate is 30 % a year, using the declining balance method. 2. Relevant equations Calculating depreciation using the declining-balance method: Net book value at the beginning of the year x depreciation rate = annual depreciation expense 3. The attempt at a solution Can someone please tell me if I did part a), b), and c) correctly? The only question im really having a problem with is part d), I tried to fill out an adjusting entry for part d), but I don't understand what to do :p for part d), i was given the accumulated depreciation - truck which was $30 600. They gave me the accumulated depreciation for the year, which is what im assuming. So to get the accumulated depreciation for the month of june, i have to divide $30 600 by 12. so, $30 600/12 = $2550 im not sure if this is correct. can someone please explain this part? Thanks :) Thank you for the help!