Below is the unadjusted Trial Balance for 'Brick-and-Bragg', a business that sells homeware. The business is owned by Beulah Bragg and the trial balance below is as at 30 June 2020. Brick-and-Brage Unadjusted Trial Balance As at 30 June 2020 35,200 12,800 34,000 6,000 5,400 40,000 14,400 45,000 8,000 Cash at Bank Accounts Receivable Inventory Prepaid Rent Stationery Supplies on hand Furniture and Fittings Accumulated Depreciation - Furniture and Fittings Delivery vehicles Accumulated Depreciation - Delivery vehicles Accounts Payable Unearned revenue Loan Payable Capital - Beulah Bragg Drawings - Beulah Bragg Sales Revenue Sales Returns and Allowances Cost of Goods Sold Discount received Discount allowed Freight inwards Salaries and wages expense Freight outwards Insurance expense Rent Expense Electricity Expense Telephone expense Totals 18,000 3,000 40,000 50,000 3,000 419,500 15,000 200,000 4,200 1,800 12,000 101,000 3,600 12,000 15,000 11,500 3,800 557,100 557,100 1. The Furniture and Fittings as well as the Delivery vehicles will be used evenly over their useful lives. The expected total useful lives and residual values of these assets are as follows: Fumiture and Fittings Delivery vehicles Estimated Useful life 4 years 5 years Estimated Residual $1,000 $2,000 2. On January,1 2020 Beulah Bragg paid the rent for 'Brick-and-Bragg' in advance for the next 6 months. When Beulah made the payment of $6000 on January, 1 she debited the Prepaid Rent Account and credited the Cash at Bank Account. 3. On May, 1 2020 a client paid $3,000 to Brick-and-Bragg for homeware that would have to be imported from Italy. By June, 30 2020 $2,000 of these goods have already been delivered to the client. On May, 1 Beulah Debited Cash at Bank and credited Unearned Revenue. 4. A physical count of the Stationery supplies on hand showed that there are $800 worth of stationery on hand at the end of the financial year. 5. On June, 30 'Brick-and-Bragg' made a delivery to a client. However, Beulah has not had a chance yet to invoice this client. The total amount that Beulah will invoice to the client is $3,200. 6. On June, 30 Beulah estimated that 5% of the Account Receivable balance refers to clients that may not be able to pay 'Brick-and-Bragg'. 7. On July, 3 2020 'Brick-and-Bragg received their telephone bill for June 2020. The total amount owing is $450. This bill has not been recorded or paid yet. REQUIRED: It is now the end of the financial year (30 June 2020) and Betty Brown has asked you to prepare any necessary balance day adjusting journals in the pro-forma provided in the student submission file. Use the General Journal document provided to record the correctly formatted journal entries required. IMPORTANT* Journals must be correctly formatted and must include a date and a narration (explanation) for each entry. Marks will be deducted if this instruction is not followed