It is now 30 June and our business is preparing adjustments via a worksheet. Complete the following adjustments in the worksheet (if no adjustment is necessary enter "O" in the relevant box). The ref is the number of the adjustment Then answer the 3 questions at the bottom of the table. 1 Prepaid 12000 rent on 1 April for three months. Adjustments have been done for April and May 2 30 June is a Sunday. Wages are paid fortnightly (8000) with the last payment made on Friday 21 June. As the busienss operates from Monday to Friday we need to accrue one week. 3 Earned 2500 of Subscriptions Revenue which had already being paid for by the client. 4 Work in Progress (for Services) is calculated to be 3000. (Use accrued revenue). 5 Office Supplies were counted on 30 June. They totalled 4000. 6 Depreciation for June is 2000. 7 Interest on Note Payable is 1000. This is payable in July Worksheet for the month ended 30 June Unadjusted TB Adjustments Adjusted TB Account Dr Cr Ref Dr Cr Dr Cr Cash At Bank Accounts Receivable Inventory Office Supplies Prepaid Rent Accrued Revenue Equipment 40 cum Depreciation 350 counts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable Owners Capital Income Summary Service Revenue 750 315 15 Service Revenue Subscriptions Revenue COGS Bank Fees Depreication Expense Interest Expense Rent Expense Salaries Expense Supplies Expense 1500 60000 141 Total 424500 4245 Has this business made a profit or loss? What are total assets Will owners equity increase or decrease