Adjusting entries (Accounting Worksheet) (10 marks) The Unadjusted Trial Balance for Bazil Trading for the month ended 30 June 2018 is presented in the Worksheet provided. Additional Information: 1. Service of $5,500 was provided but not recorded and there is no payment received. 2. Annual insurance premium of $2,160 was paid on 1 March 2018. 3. The supplies on hand at 30 June 2018 is $1,500. 4. The vehicle of $50,000 has a useful life of 10 years and a scrap value of $8,000. No depreciation has been recorded since 30 June 2017. 5. The business has 2 casual employees who each earns $250 per day. They both worked the last 3 days in June 2018 and have not yet been paid. University Bazil Trading Worksheet For the year ended 30 June 2018 Unadjusted Trial Balance Debit Credit Adjustments Debit Credit Account title Cash at bank Accounts receivable Supplies Prepaid insurance 75,000 189,000 2,500 1,080 50,000 Vehicle 5,000 Accumulated depreciation - Vehicle Accounts payable 1,800 Unearned revenue Bank loan 1,200 55,000 280,080 Capital Service revenue 270,000 Rent expense 60,000 1600 Insurance expense Supplies expense Wages expense 1,500 230,000 2,400 Interest expense TOTAL 613,080 613.080 Required: Use the above information to prepare adjusting entries in the Worksheet in the response template below