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4. The Prepaid Insurance account consists of the following. Policy number FGK 3457 BKL 5702 Date of policy 1 July 2018 1 January 2019 Life
4. The Prepaid Insurance account consists of the following. Policy number FGK 3457 BKL 5702 Date of policy 1 July 2018 1 January 2019 Life of policy 2 years 1 year Total premiums $6200 $4000 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 statement of financial position (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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