EMD, take home exam_sem 3- 2020 References Mailings Review View Help Foxit PDF Shape Format entries for Charlie Services Ltd. Charlie Services Ltd Trial balance as at 30 June 2020 Debit Credit Account name 45,800 Cash 11,000 5,200 500 Accounts receivable Prepaid insurance Supplies Office equipment Accumulated depreciation Accounts payable Service revenue received in advance 25,000 12,000 6,400 2,000 45,000 9,000 Share capital Retained earnings 41,600 Service revenue Salaries expense 24,000 1,000 Rent expense 1.500 Electricity expense 2,000 other expense 115.500 115.500 Total Focus o ace ACCIAMD_take home exam_sem 2.2020 - Word A LOVELEEN Layout References Mailings Review View Help Foxit PDF Shape Format 1 The entity has received $2000 revenue in advance on 1 April 2020 to perform a service for 4 months until end of July 2020. 2 The entity has insurance policy on its buildings which was purchased on 1 July 2018 for 6500. The policy has a term of 5 years. Page 19 of 26 3. There are four (4) salaried employees. Salaries are paid every Friday. Two employees receive a salary of S500 each per week, and Two employees carn $750 each per week 30 June is a Thursday. Employees do not work on weekends 4 Depreciation expense for the year is S2000 5. Supplies on hand at 30 June total $300 Required acer Layout References Mailings Review View Help Foxit PDF Shape Format 3. There are four (4) salaried employees. Salaries are paid every Friday. Two employees receive a salary of $500 each per week, and Two employees car $750 each per week. 30 June is a Thursday. Employees do not work on weekends. 4. Depreciation expense for the year is $2000. 5. Supplies on hand at 30 June total $300. Required a. Prepare the adjusting entries from the information provided. b. Prepare an adjusted trial balance as at 30 June 2020. (5 marks) (5 marks) Start your answer here: Part(a) Date Accounts and narration Dr Cr 1 April Revenue received in advance 200 Sanvier English Australia i a acer