Andrew Tax Accountants began operations on 1 June 2019. The trial balance at 30 June 2019 is as follows. Account name Debit ($) Credit ($) Cash 15500 Accounts receivable 12000 Prepaid insurance 4800 Supplies 4000 Office equipment 30000 Accounts payable 9000 Service revenue received in advance 8000 Andrew's capital 43500 Service revenue 158001 Service revenue 15800 Salaries expense 10000 76300 76300 An analysis of the accounts shows the following adjustments that need to be made: 1. The insurance policy is for one year. 2. Services were performed during the month in relation to $5000 of revenue received in advance. 3. Supplies on hand at 30 June total $2600. 4. The office equipment is depreciated at $500 per month. 5. Invoices representing $6000 of services performed during the month have not been recorded as of 30 June. Required Required a) Prepare the adjusting entries for the month of June. (10 Marks) b) Determine the adjusted balances of the following general ledger accounts at 30 June 2019. (3 Marks) Debit $ Credit $ Rent revenue received in advance Service revenue Prepaid insurance c) Discuss the impact on profit for the current period if the adjusting entry no. 5 above was not adjusted at end of the month. (2 Marks) (TOTAL 15 MARKS)