Is there a life saver that could help me out please?

Alice is a good manager but a poor accountant. From the trial balance prepared by a part-time bookkeeper, Alice prepared the following income statement for her fourth quarter, which ended June 30, 2005. HOLIDAY TRAVEL COURT LTD. Income Statement For the Quarter ended June 30, 2005 Revenues Travel court rental revenues $205,000 Operating expenses Advertising $ 5,200 Wages 80,500 Utilities 900 Depreciation 2,700 Repairs 4,000 Total operating expenses 93,300 Net income $111,700 Alice suspected that something was wrong with the statement because net income had never exceeded S30,000 in any one quarter. Knowing that you are an experienced accountant, she asks you to review the income statement and other data. You first look at the trial balance. In addition to the account balances reported above in the income statement, the ledger contains the following additional selected balances at June 30, 2005. Supplies $ 8,200 Prepaid Insurance 14,400 Note Payable 12,000 You then make inquiries and discover the following 1. Travel court rental revenues include advanced rental payments received for summer occupancy, in the amount of $47,000. 2. There were S1,300 of supplies on hand at June 30. 3. Prepaid insurance resulted from the payment of a one-year policy on April 1, 2005 4. The mail in July 2005 brought the following bills: advertising for the week of June 24, S110; repairs made June 18, S4.260; and utilities for the 5. There are three employees who receive wages that total S250 per day. At 6. The note payable is 8% note dated May 1, 2005, and due on July 31, 7. Income tax of S12,000 for the quarter is due in July but has not yet been month of June, S215. June 30, two days' wages have been incurred but not paid. 2005. recorded. (a) Prepare any adjusting journal entries required as at June 30, 2005. (b) Prepare a correct income statement for the quarter ended June 30, 2005