Andrew's Computer Rental Trial Balance For the Month Ended June 30 Debit Credit $23,850 1,400 500 3,000 12,000 3,600 as Accounts Receivable Supplies "Inventory" Prepaid Rent Furniture Computer Equipment Accounts Payable Deferred Revenue 8,000 1,000 31,000 4,650 Common Stock Additional Paid-In Capital Repair Service Revenue Advertising Expense 300 $44,650 $44,650 At June 30, you learn the following information: 1. The furniture purchased on June 1 has an estimated life of 5 years and will be depreciated on a straight-line basis 2. The computer equipment purchased on June 2 has an estimated life of 3 years and a salvage value of S200, and will be depreciated on a straight-line basis. 3. An inventory of computer repair supplies at June 30 indicates that there are $120 worth of supplies on hand at month-end 4. Andrew has occupied the office on Green Street since signing the lease on June 3 5. Due to a printing error, the two advertisements paid for on June 5 did not run as scheduled on June 23. They will instead be run on July 4 6. Andrew worked with an attorney in June, but has yet to be billed for her services. Andrew estimates that the legal work performed should cost about S350 7. Although the contract signed on June 20 was not scheduled to start until July 1, Andrew was asked by the school to begin his work earlier. He performed S1,200 of computer repair services under this contract during the month of June (continued on next page) Required a. Prepare adjusting journal entries at month-end as required based on the facts presented above b. Post all adjusting journal entries from a. to T-accounts c. Prepare an adjusted trial balance showing that DR -CR after all entries in a. are posted