Adam is the sole proprietor of his Armidale Designs and Furnishings $($ADF$),$ which deals in decoration items. ADF began business operations on June $1,2024,$ and conducted the following business transactions during the entire month of June:

June $1$ Adam invested $$121,000$ cash and $$101,000$ in equipment to start the business.

June $2$ Paid rent $ $30,000$ for three months $($June$,$ July and August$)$ in advance.

June $5$ Purchased a furniture by paying $$21,000$ cash and executing a loan payable for $$61000.$

June $7$ Purchased office supplies for $$11,250$ cash.

June $9$ Billed a client for $$181,000$ of design services completed.

June $11$ Purchased office supplies on credit $ $11,000$

June $14$ Received $$91,700$ on account for the services previously recorded.

June $20$ partly settled the accounts payable $ $1500$

June $25$ received advance cash for services agreed to be delivered to the client next month $ $11,300$

June $28$ Adam took $ $1500$ cash for his personal use.

June $31$ Received electricity bill for the month of $ $1800$

Required

Use the following accounts: cash, accounts receivables, office supplies, equipment, furniture, accounts payable, unearned service revenue, service revenue, Adam Capital, Adam withdrawal, rent expenses, and electricity expenses, electricity payables, office supplier expenses.

a$.$ Journalise the above transactions $($provide a short explanation for each transaction as well$).$

b$.$ Post journal entries to general ledger $($prepare T accounts$)$

c$.$ Prepare a Worksheet with the following items prepared;

i$.$ trial balance

ii$.$ adjustments

$$ rent expense for June

$$ office supplies balance at the end of June is $9000$

iii. adjusted trial balance

iv$.$ income statement

v$.$ balance sheet

d$.$ Using classified formats, prepare

i$.$ Income statement

ii$.$ Statement of changes in equity

iii. Balance sheet