1 (30 Marks) The unadjusted trial balance of Ross Consulting Pty Ltd is as follows: ROSS CONSULTING PTY LTD Unadjusted Trial Balance as at 30 June 2021 Account Debit Credit Cash at bank Office supplies GST Receivable Prepaid insurance Office equipment Accumulated depreciation GST Payable Bank loan payable Share capital Retained earnings Services revenue Salaries expense Advertising expense Repairs expense Sundry expense Electricity expense Motor vehicle running expenses Telephone expense Interest expense $ 32 070 6 260 1 400 1 725 92 800 83 250 2 450 2 160 7 520 4 405 8 790 2 620 1 350 $ 27 840 2 460 50 000 10 000 12 500 144 000 246 800 246 800 The following additional information should be taken into account: 1. Office supplies unused at 30 June amounted to $1,540 2. On 30 June, the Directors declared a Dividend to be paid to shareholders in July, 2021 totalling $7,000. 3. Interest to be accrued on the bank loan at 30 June is $610. 4. Salaries accrued but unrecorded on 30 June 2021 were $2,690 5. An electricity bill has been received but not yet recorded of $990 (GST included) 6. Insurance unexpired at 30 June 2021 was $450. 7. Office equipment is to be depreciated using straight line depeciation. The useful life is 4 years and it has a residual value of $18,560. Required: A. Prepare a 10-column worksheet for the year ended 30 June 2021. (24 marks) B. Journalise the closing entries (Narrations are required). (6 marks)