Chris Fast owns Chris' Couriers. The unadjusted trial balance on 30 June 20x2 is shown below:

Chris' Couriers Unadjusted Trial Balance as at 30 June 20x2

Acc No.

Account Title

Debit

Credit

100

Cash

17,906

104

Accounts Receivable

18,312

110

Equipment

1,680

112

Office Supplies

1,372

113

Prepaid Insurance

3,920

114

Prepaid Advertising

2,632

130

Delivery Van

21,812

131

Accumulated Depreciation- Delivery Van

3,192

200

Accounts Payable

17,556

213

Unearned Fees (received in advance)

3,612

220

Bank Loan

11,480

300

Chris Fast - Capital

12,978

305

Chris Fast - Drawings

33,124

400

Fees Revenue

131,040

510

Rent Expense

15,232

515

Salaries Expense

60,900

530

Telephone Expense

2,968

$ 179,858

$ 179,858

The following additional information is available at 30 June:

1)Salaries accrued but unrecorded on 30 June, $14,560.

2)Invoices representing $5,600 of services performed during the month have not been recorded as at 30 June 20x2.

3)Unused office supplies on hand on 30 June totalled $756.

4)Delivery van is to be depreciated by $4,340.

5)The Unearned Fees account includes $840 received for fees earned during June.

6)The prepaid insurance is the annual (yearly) premium for insurance commencing 1 January 20x2. No adjustment has yet been made.

Interest accrued on bank loan at 30 June, $756.

Required: Answer Questions 1(a), (b), (c) and (d) below:

Question 1(a) (7 Marks)

Prepare adjusting entries for the period ended 30 June 20x2 (ignore GST, narrationsare notrequired)

b) prepare an income statement

c) prepare a statement of changes in equity.

d) prepare a statement of the financial portion.