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From the foll owing selected ending ledger balance extracted from the ledger book of Amans Accounting Practice Pty Ltd during December 2019, prepare the unadjusted

From the foll owing selected ending ledger balance extracted from the ledger book of Amans Accounting Practice Pty Ltd during December 2019, prepare the unadjusted Ending Trial balance, adjusted Income statement and adjusted balance sheet for Adams Legal Practice Pty Ltd. Amans Accounting Practice Pty Ltd. Ending Ledger Balance 31 December 2019 Account Title Ending balance Debit ($) Credit ($) Cash 343,700 Prepiad internet 100 Books & Stationeries 35,900 Prepaid Insurance 18,000 Prepaid Internet $200 Land 35,000 Buildings 125,000 Equipment 66,000 Depreciation 2,000 Service Revenue 77,500 Salaries Expense 27,500 Rent Expense 7,500 Administrative Expense 10,000 Utilities Expense 2,500 Advertising Expense 10,800 Accounts Payable 30,700 Salaries Payable 12,500 Unearned Service Revenues 9,000 Mortgage Payable 70,000 Adams Equity 500,000 Drawings 17,500 Total 1,399,000 Additional Adjustments need to be incorporated: 1. Depreciation expenses for building need to be recognized for $1,500. 2. Interest expenses incurred but not recognized amounting $500. 3. Prepaid internet plan expired and need to be recognized $100. 4. 50% of the prepaid insurance expired. 5. $5,000 of unearned service revenues earned but not recorded.nkjjl

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