The unadjusted trial balance of the general ledger of Antonio’s Small Appliance Repair Service on 30 June 2019 is presented below (ignore GST).

Additional data for adjustment purposes 1. Supplies on 30 June 2019 were:
i. advertising supplies (originally debited to Advertising Expense), $6900 ii. store supplies (originally debited to Sundry Expenses), $3600.

2. On 1 January 2019, the business rented half of its shop space to Joshua’s Cafe for 12 months and received a cheque for $19 200, representing the entire year’s rental fee.
3. Purchases of electrical repair equipment were as follows.

4. The Prepaid Insurance account consists of the following.

5. Wages earned by employees but unpaid as at 30 June 2019 totalled $5040.
6. Interest on the mortgage payable is $3672 per year, paid in half‐yearly instalments on 1 May and 1 November.

Required

(a) Journalise adjustments in the general journal of the entity.

(b) Prepare an income statement and a statement of changes in equity for the year ended 30 June 2019.

(c) Prepare a balance sheet (properly classified in narrative form) as at 30 June 2019.

(d) Present the Interest on Mortgage Expense account showing detailed entries for the year ended 30 June 2019 as it would appear after all adjustments have been made.

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ANTONIO'S SMALL APPLIANCE REPAIR SERVICE Trial Balance as at 30 June 2019 Account Cash at bank Investment in marketable securities Accounts receivable Accumulated depreciation electrical equipment Prepaid insurance Electrical repair equipment Accounts payable Mortgage payable (due 31 December 2024) A. Calabrese, Capital Debit $ 37770 76260 198 850 10 200 360 000 Credit $ 122 500 184 500 61 500 A. Calabrese, Drawings Small appliance repairs revenue Advertising expense Other selling expenses Electricity expense Sundry expenses Rent expense Wages expense Interest on mortgage expense Rent revenue 181 010 31540 434 600 20 100 30 750 20 100 39 200 19 680 155 800 3060 $1003310 19 200 $1003310