The account balances taken from the trial balance and adjusted trial balance columns of the worksheet of Tran’s Transcription Service for the year ended 30 June 2026, the first year of operations, are shown below.

Required

(a) Reconstruct the 10 column worksheet for the year.

(b) Prepare the income statement for Tran’s Transcription Service for the year ended 30 June 2026.

(c) Prepare the closing entries required on 30 June 2026.

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Account Cash at bank Accounts receivable Office supplies Stationery supplies Prepaid insurance Prepaid rent Equipment Accounts payable T. Skrybe, Capital T. Skrybe, Drawings Transcription revenue Wages expense General expense Office supplies expense Stationery supplies expense Insurance expense Rent expense Depreciation expense - equipment Accumulated depreciation equipment Wages payable Unadjusted trial balance $ 7800 12 200 6400 Adjusted trial balance $ 7800 12200 1600 5600 2200 2160 1260 14 400 4800 96 800 96 800 24 500 24 500 92610 92 610 16 800 16 800 92 650 92 650 36400 36 820 11200 11 200 4 800 3400 900 9 600 9 800 9 800 420