J. Unser, drawings\

7,000

\ Service revenue\

93,500

\ Advertising expense\

12,500

\ Supplies expense\

7,655

\ Depreciation expense\ 5,555\ Insurance expense\ 4,390\ Salaries and wages expense\ 38,950\ Interest expense\

1,250

\

154,700.00,154,700.00

\ Please prepare the following entries based on the above Adjusted Trial Balance:\ Prepare the closing entries (6 marks)\ Prepare a draft income statement (8 marks)\ Short answer:\ 5. What is the overall change to equity? (1 mark

Please prepare the following entries based on the above Adjusted Trial Balance: 1. Prepare the closing entries (6 marks) 2. Prepare a draft income statement (8 marks) Short answer: 5. What is the overall change to equity? (1 mark)