All the problems at the bottom

ASSIGNMENT DETAILS Irwin King owns King's Motor Repairs. The business has been operating for some time. The current financial year is 1 July 2019 to 30 June 2020. A trial balance at 31 st of May 2020 has been prepared and is shown below. Ignore GST. KING'S MOTOR REPAIRS Trial Balance as at 31 May 2020 Account Number Debit Credit Cash at Bank 100 $ 24,688 Accounts Receivable 104 21,280 Office Supplies 112 648 Prepaid Advertising 114 2,352 Delivery Van 130 12,000 Accumulated Depreciation - Van 131 $ 4,000 Accounts Payable 200 11,016 Unearned Fees 213 3,696 Bank Loan 220 12,000 I King - Capital 300 18,232 I King - Drawings 305 6,400 Fee Revenue 400 50,400 Delivery Van Expenses 505 960 Rent Expense 510 10,120 Wages Expense 515 14,720 Telephone Expense 530 1,216 Rates and Taxes Expense 540 4,960 $ 99,344 $ 99,344 The following transactions (1-11) occurred during June 2020, which have not yet been recorded. There are also a number of adjusting entries to be recorded at the end of the financial year (12-19). 1. Repair fees totaling $4,800 were earned during the month. Of those fees, $1,600 were received in cash. The balance consisted of transactions on credit. 2. Office Supplies costing $1,200 were purchased on credit. 3. Received $2,560 from customers for payment on account. 4. Paid $280 for petrol (delivery van expense) for the delivery van. 5. Purchased a one-year insurance policy for the van for $2,880. . 6. Irwin withdrew $2,800 to pay for a holiday. 7. Wages of $2,400 were paid. 8. Paid $3,360 to creditors for amounts owing 9. Paid rent for the month for $2,00010. Purchased some repair equipment. Paid cash of $1,600 and increased the bank loan by $6,400 to pay for it. 11. Repaired a customer's machinery to the value of $3,200. Customer to pay in 30 days. The following information relates to adjusting entries at the end of June 2020: 12. A physical count on the 30 June 2020 of the supplies on hand came to $520. 13. Interest accrued on the bank loan came to $960. 14. Insurance costing $240 expired during the year. 15. Depreciation on the Delivery Van is $2,400. 16. Wages accrued but not yet paid were $1,200. 17. Performed repairs worth $3,200, where the customer had previously paid in advance. 18. Performed repairs for $4,320. Customers have not yet been invoiced. 19. A telephone account for $240, due in July was received. Required: A. Prepare journal entries to record all transactions completed to 30 June 2020 (including the adjusting entries). Narrations are required. Where you would normally show a date, you can use the number of each transaction. 80 marks B. Open T-accounts for the business. Post the entries from part A to the accounts and balance the accounts. You will need to balance all of the accounts as part of your workings. However, for your submission, only show properly balanced T-accounts for the following accounts: Cash at Bank Accounts Receivable Prepaid Insurance Fee Revenue Wages Expense 20 marks C. Prepare an adjusted Trial Balance 10 marks D. Prepare an Income Statement, Statement of Changes in Equity and a classified Balance Sheet for the year ending 30 June 2020 20 marks E. Prepare closing entries for the year ending 30 June 2020. You are not required to post these to the ledger accounts. 10 marks