Greek Tavern Co was established on July 1, 2020 by a cash investment of $100,000. The following is the Trial Balance prepared on September 30, 2020. Debit $65,000 Account Title Credit Cash Accounts Receivable 70,000 15.000 50.000 75.000 $5.000 Supplies Prepaid Rent Office Equipment Accounts Payable Unearned Revenue Notes Payable Owner's Capital Owner's Drawings Service Revenue Salaries and Wages expense Commission expense Utilities expense 25.000 75.000 100,000 37.500 150,000 25,000 15,000 2.500 TOTAL $355,000 $355,000 . Durina the three month naria During the three month period, the following activities occurred: 1. The physical checkup revealed that $4,000 worth of supplies is still on hand on September 30. 2. The annual depreciation of office equipment is $15,000. The equipment were purchased on August 1, 2020. 3. The unearned revenue was created on September 1, 2020 by an advance payment from a major customer for services extending over the period August 1 till December 31, 2020. 4. The loan was borrowed on July 1, 2020 for 5 years from BOND Bank. The bank charges 9% interest. 5. The firm pays its 5 employees a weekly salary of $6250. The policy is that it pays every Monday of the week for the previous 5 days' work, Monday through Friday, September 30, 2020 is a Tuesday. Last time the firm paid salary was on Monday September 29, 2020 for the week from 22 till 25. 6. Rogelio paid $50,000 cash on July 1, 2020 for 2 years' office rent. Rogelio Legal Advisory firm follows the fiscal year extending from July 1 till September 30 and adjust Quarterly. A. Journalize all the necessary adjusting entries on September 30, 2020 showing all the calculations (3 points each entry) B. Compute the Net Income. (7%)