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1.Prepare.adjusting entries for the period ended 30 June. 2.Prepare.an Income Statement for the year ended 30 June. Acc No. Account Title Debit Credit 100 Cash

1.Prepare.adjusting entries for the period ended 30 June.

2.Prepare.an Income Statement for the year ended 30 June.

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Acc No. Account Title Debit Credit 100 Cash 4,290 104 Accounts Receivable 13,080 110 Equipment 1,200 112 Office Supplies 610 113 Prepaid Insurance 2,800 114 Prepaid Advertising 1,880 130 Delivery Van 15,580 131 Accumulated Depreciation- Delivery Van 2,280 200 Accounts Payable 11,670 213 Unearned Fees (received in advance) 2,580 220 Bank Loan 4,220 300 Charlie Quick - Capital 9,270 305 Charlie Quick - Drawings 23,660 400 Fees Revenue 89,580 510 Rent Expense 10,880 1515 Salaries Expense 43,500 530 Telephone Expense 2,120 $ 119,600 $ 119,600The following additional information is available at 30June: 1) Unused office supplies on hand on 30June totalled $380. 2) The Unearned Fees account includes $700 received for fees earned duringJune. 3) Delivery van is to be depreciated by $2,280. 4) Salaries accrued but unrecorded on 30 June, $12,500. 5) Interest accrued on bank loan at 30 June,$317. 6) The prepaid insurance is the annual (yearly) premium for insurance commencing 1 January 20x2. No adjustment has yet been made. 7) Invoices representing $3,000 of services performed during the month have not been recorded as at 30June 20x2

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