Johnson Graphics Company was organized on January 1, 2017, by Cameron Johnson. At the end of the first 6 months of operations, the trial balance contained the accounts shown below.

	Debits		Credits
Cash	$8,500	Notes payable	$22,800
Accounts Receivable	14,000	Accounts Payable	9,300
Equipment	46,000	Owner's Capital	22,200
Insurance Expense	3,000	Sales Revenue	50,700
Salaries and Wages Expense	30,300	Service Revenue	5,900
Supplies Expense	3,900
Advertising Expense	1,700
Rent Expense	1,700
Utilities Expense	1,800
	$110,900		$110,900

Analysis reveals the following additional data

1. The $3,900 balance in Supplies Expense represents supplies purchased in January. At June 30, $1,800 of supplies was on hand.

2. The note payable was issued on February 1. It is a 9%, 6-month note.

3. The balance in Insurance Expense is the premium on a one-year policy, dated March 1, 2017.

4. Service revenues are credited to revenue when received. at June 30, service revenue of $1,400 is unearned.

5. Revenue for services performed but unrecorded at June 30 total s$1,600.

6. Depreciation is $2,200 per year.

Required

1. Journalize the adjusting entries at June 30 (assume adjustments are recorded every 6 months).

2. Prepare an adjusted trial balance

3. Prepare an income statement for the 6 months ended June 30

4. Prepare an owner's equity statement for the 6 months ended June 30