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Eco Group rents appliances and furniture. The unadjusted trial balance of the company is represented below: Unadjusted Trial Balance as at June 2004 Account title

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Eco Group rents appliances and furniture. The unadjusted trial balance of the company is represented below: Unadjusted Trial Balance as at June 2004 Account title Drit Cash at bank Tiade debtors Appliances Accumulated depreciation appliances Furniture Accumulated depreciation-fumitute Trade creditors K. Madon. Capital K. Maclean Dwing Rental fees meve Salaries pense Rent per Electricity expense The following information is given: 1. Insurance expired is equal to $790. 2. The electricity account for June for $120 has not been paid or recorded. 3. Depreciation on the appliances is $5870, and depreciation on the furniture is $9200. 4. Rental fees of $1030 were received in advance and were not considered to be revenue 5. The Rent Expense account contains $440 paid for July 2004 rent. 6. A rental fee of $110 paid in cash was recorded by debiting Accounts Receivable. 7. Salaries earned amounting to $180 will be paid in July and have not been recorded. Required: A. Provide with ALL adjustments (journal entries). B. Prepare an adjusted trial balance. C. Prepare a statement of financial performance (Income Statement) for the year ended 30 June 2004. D. Show all of the Closing Entries. E. Prepare a Statement of Retained Earnings for the year ended 30 June 2004

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