(a)Prepare, in journal form with narrations, the adjusting entries that explain the changes in the balances from the trial balance to the adjusted trial balance.(8 marks)

(b)Prepare, Income Statement (also referred to as a Profit or Loss Statement). (3 marks)

(c)Prepare, Statement of Changes in Owners' Equity. (2 marks)

Prepared a classified Statement of Financial Position (also referred to as a Balance Sheet). (5 marks)

Presented below is the Trial Balance and Adjusted Trial Balance for Harrison's Ltd on 30 June 2019. Harrison's LTD Trial Balances 30 June 2019 Before Adjustment After Adjustment Dr. Cr. Dr. Cr Cash $ 8,000 $ 8,000 Accounts Receivable 11,200 15,600 Prepaid Rent 8,400 6,000 Supplies 4,800 3,200 Motor vehicles 72,000 72,000 Accumulated Depreciation $ 5,200 $ 6,000 Accounts Payable 10,800 12,000 Notes Payable 40,000 40,000 Interest Payable 480 Salaries Payable 2,400 Revenue Received in Advance 17,840 17,440 Share capital 24,000 24,000 Retained earnings 4,800 4,800 Dividends paid 12,800 12,800 Service Revenue 32,000 36,800 Salaries Expense 8,240 10,640 Electricity Expense 7,200 8.400 Rent Expense 2,000 4,400 Supplies Expense 1,600 Depreciation Expense- Motor vehicles 800 Interest Expense 480 Totals $134,640 $134,640 $143,920 $143,920