ICandy UnadiustedTrial Balance June 30, 2019 Credit Debit Account No. Name 212,730 14,700 2,800 8,800 58,000 100 Cash 110 Accounts Receivable 130 Office Supplies 140Prepaid Advertising 160 Candy Making Equipment 161 Accum Depn: Candy Making Equipment 210 Accounts Payable 220 Wages Payable 221 Telephone Payable 225 Interest Payable 230 Unearned Revenue 250 Bank Loan Payable 300 Capital 310 Income Summary 350Withdrawals 400 Revenues 516 Wages Expense 541 Telephone Expense 543 Advertising Expense 544 Office Supplies Expense 560 Depn Expense: Candy Making Equipment 571 Interest Expense 1,120 6,400 162,000 109,000 1,000 26,300 6,600 190 Total 304,820304,820 Now that you have completed the unadjusted trial balance, you are ready to record the end of month adjustments for June. The purpose of adjusting entries is to ensure that the general ledger account balances reflect the revenues earned and expenses incurred during the accounting period. Remember that the details of the end of month adjustments for June are as follows: - Candy Making Equipment owned by the business: original purchase price was $58,000, estimated useful life was 8 years, and estimated residual value was $8,600 at the end of the useful life. Depreciation is calculated on a monthly basis using the straight line method. The monthly depreciation charge is calculated as the yearly depreciation expense divided by the number of months in a year. A number of candy making lessons totalling $2,900 were provided during the month of June for Candy Rush but not yet invoiced. - The estimated telephone bill payable as at the end of June is $90. - Instructors work every single day during the week including weekends and are paid on a periodic basis. Wages were last paid up to and including June 13. Wages incurred after that day (from June 14 to June 30 inclusive) are estimated to have been $600 per day. Interest expense incurred during the month of June but not yet paid to MRMC Bank for the bank loan is $810 Provided $3,200 worth of candy making lessons during the month of June in relation to the cash received in advance from Sugar-hi on June 9. Office supplies totaling $980 are still on hand at June 30. - $4,400 worth of prepaid advertising was consumed in June. Instructions for adjusting entries 1) Record the end of month adjusting entries in the general journal