a) Journalize the adjusting entries at June 30. (Assume adjustments are recorded every 6 months.)

b) Prepare an adjusted trial balance

c) Prepare an income statement and owner's equity statement for the 6 months ended June 30 and a balance sheet at June 30

Problem 3-6A (Part Level Submission) ** Sommer Graphics Company was organized on January 1, 2015, by Krystal Sommer. At the end f the first 6 months of operations, the trial balance contained the accounts shown below. Debits Credits Cash $8,465 Notes Payable 20,400 Accounts Accounts Receivable 14,169 9,018 Payable Common Stock Equipment Insurance Expense Salaries and Wages Expense Supplies Expense Advertising Expense 44,933 21,551 Sales Revenue 2,796 52,071 30,171 6,308 Service Revenue 3,898 1,990 Rent Expense Utilities Expense 1,428 1,498 $109,348 $109,348 Analysis reveals the following additional data. 1. The $3,898 balance in Supplies Expense represents supplies purchased in January. At June 30, $1,604 of supplies was on hand. The note payable was issued on February 1. It is a 8%, 6-month note. The balance in Insurance Expense is the premium on 2 one-year policy, dated March 1, 2015. Service revenues are credited to revenue when received. At June 30, service revenue of $1,353 3 4 unearned. Revenue for services performed but unrecorded at June 30 totals $1,960. 5. 6 Depreciation is $2,160 per year