The management consulting firm of the Abraham Sisters supplied the following information as at 30 June 2025, the end of the financial year.

1. Interest earned but not received totals $7800.

2. The June electricity account for $3426 has not been paid or recorded.

3. Consulting fees owing to the business and unrecorded as at 30 June 2025 amounted to $25 860.

4. The Abraham sisters received $18 900 in rent revenue on 1 May for the 3-month period beginning on that date. The transaction was recorded by a credit to Unearned Rent Revenue.

5. Prepaid Insurance was debited for $15 120 on 25 March to record the cost of a 12-month policy beginning on 1 April.

Required

(a) Prepare an adjusting entry for each item as at 30 June 2025.

(b) Prepare reversing entries at 1 July 2025, where appropriate. Justify why you have/have not prepared reversing entries for each adjustment.