Alpha's Graphics was organized on January 1, 2020, by Gabriel Alpha. At the end of the first 6 months of operations, the trial balance contained the following accounts. 18,000 8.700 22,000 62,500 Debits Cash Accounts Receivable Equipment Insurance Expense Salaries and Wages Expense Supplies Expense Advertising Expense Rent Expense Utilities Expense Credits 9,000 Notes Payable 14,300 Accounts Payable 47,000 Share Capital-Ordinary 2,400 Service Revenue 29,700 3,500 2,000 1,600 1,700 111,200 111.200 Analysis reveals the following additional data 1. The 3,500 balance in Supplies Expense represents supplies purchased in January. At June 30, 1,800 of supplies are on hand. 2. The note payable was issued on February 1. It is a 9%, 6-month note. 3. The balance in Insurance Expense is the premium on a one-year policy, dated April 1, 2020. 4. Service revenues are credited to revenue when received. At June 30, services revenue of 1,200 are unearned. 5. Revenue for services performed but unrecorded at June 30 totals 2,200. 6. Depreciation is 2,000 per year. (a) Your answer is correct. Journalize the adjusting entries at June 30. (Assume adjustments are recorded every 6 months.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit 1800 No. Date Account Titles and Explanation 1. June 30 Supplies Supplies Expense 2. June 30 Interest Expense 1800 1800 1800 Interest Payable 3. June 30 Prepaid Insurance Insurance Expense 4. June 30 Service Revenue Unearned Service Revenue 5. June 30 Accounts Receivable 1200 2200 Service Revenue 2200 6. June 30 Depreciation Expense Accumulated Depreciation-Equipment 1000 Your answer is partially correct. Prepare an adjusted trial balance. ALPHA GRAPHICS Adjusted Trial Balance June 30, 2020 Debit Credit Supplies 1800 Supplies Expense Interest Expense Interest Payable Prepaid Insurance 1800 Insurance Expense Service Revenue Unearned Service Revenue 1200 Accounts Receivable Cash 9000 Depreciation Expense 1000 Accumulated Depreciation-Equipment 1000 Notes Payable 18000 Accounts Payable 8700 Share Capital-Ordinary 22000 Advertising Expense 2000 Equipment Salaries and Wages Expense 29700 Rent Expense 1600 Utilities Expense 1700