2,520 Unadjusted Trial Balance as at 30th June 2021 Account Debit($) Credit (5) Cash at Bank Accounts Receivable 5,670 Prepaid Rent 450 Prepaid Advertising 480 Prepaid Insurance 5,300 Office Equipment 26,000 Accumulated Depreciation - Office Equipment 11,500 Investments 5,200 Accounts Payable 3,470 Unearned Income 320 Capital (1/7) 18,620 Drawings 2,450 Service Income 32,000 Supplies Expense 600 Advertising Expense 1,050 Insurance Expense 140 Salary Expense 14,550 Travel Expense 1,500 $65.910 $65.910 Additional Information 1. The supplies used by the end of the period were calculated and $200 of supplies were used for the period ending 30/6/21. 2 Salaries for staff working for the business for a total of $1,900 and were not yet recorded and not yet paid by the business to the staff. Rent of $450 was paid for on the 1" of April 2021. The rent was for three months starting on the 1" of April 2021. The business received $320 cash in advance from customers for services to be provided to the customers at a later date. By the end of the period, $100 of the $320 received from customers had been earned by the business. The remaining part of the $320 will be earned in July 2021. 5. The business provided services on the 30" of June to customers for a total of $470. Nothing has been recorded for the services provided. The customers will pay in July 2021. Advertising of $480 was paid during the year for ten months on the 31" of October 2020 and was for insurance commencing 1" November 2020. Insurance was paid during the period using cash. At the 30 of June, $4,000 of the cash paid for insurance was for the period ending 30 June 2021. The remainder of the prepaid insurance will be for the period July - August 2021. The office equipment has a residual value of $1,000 and has a life of 10 years. Depreciation has not been recorded yet for the equipment The business estimated that 1% of the Accounts Receivable balance at the 30th of June 2021 is unlikely to be collected by the business from the customers. 10. Electricity Expense of $320 were still owing at the end of June 2021 which had not been paid yet and also had not been recorded yet. REQUIRED: Prepare the adjusting entries based on the information provided above. 3. 4. 6. 7. 8. 9. 2 Page GENERAL JOURNAL Date Accounts Debit Credit 3 Page GENERAL JOURNAL Date Accounts Debit Credit Page