4. a) Use the following Journal Transactions to record the Adjustments in the worksheet. b) Complete the Adjusted Trial Balance (15 total marks) Journal Date Accounts and Explanations 28-Feb RENT EXPENSE PREPAID RENT recognize 1 month rent 28-Feb SALARY EXPENSE ACCOUNTS PAYABLE 28-Feb 28-Feb Accrued Monthly salary SUPPLIES EXPENSE SUPPLIES adjustment for office supplies used ACCOUNTS RECEIVABLE REVENUE Completed Unpaid Work Ref DR CR 800 800 2,000 2,000 500 500 1,500 1,500 28-Feb DEPRECIATION EXPENSE 1,000 ACC. DEPRECIATION - Building 1,000 monthly depreciation for Building 28-Feb 28-Feb DEPRECIATION EXPENSE ACC. DEPRECIATION - Equipment monthly depreciation for Equipment INTEREST EXPENSE INTEREST PAYABLE Accrued interest for February 2,000 2,000 500 500 4. Use the following Worksheet to create the following financial statements for V's Violins: V's Violins Worksheet As of Feb 28, 2022 a) Income Statement (5 marks) b) Statement of Owner's Equity (4 marks) c) Balance Sheet(6 marks) Trial Balance Adjustments Adjusted Trial Balance DR CR DR CR DR CR Cash 26,000 26,000 Accounts Receivable 10,000 10,000 Prepaid Insurance 4,000 1,000 3,000 Supplies 5,000 2,000 3,000 Land 50,000 50,000 building 90,000 90,000 acc depr-building 14,000 6,000 20,000 equipment 27,000 27,000 acc. depreciation-equipment 4,500 1,500 6,000 A/P 4,000 4,000 Unearned revenue 2,000 1,000 1,000 mortgage payable 65,000 500 65,500 Capital 180,500 180,500* Drawings 90,000 90,000 Revenue 55,000 1,000 56,000 Salaries exp 15,000 15,000 utilities exp 8,000 8,000 Interest exp 0 500 500 Insurance expense 1,000 1,000 Depreciation expense 0 7,500 7,500 Supplies Expense 2,000 2,000 TOTAL 325,000 325,000 12,000 12,000 333,000 333,000 *100,000 of the Capital is investment during the year. The rest is the opening Capital.