Kelvin Motorvehicle Rentals before adjusting entries were made. The following items were not reflected in the statements:

1. Rental revenue earned but not collected or recorded, $1200.

2. Depreciation on vehicles not recorded, $14 500.

3. Wages earned by employees but not paid at year-end, $5600.

4. The company requires the first-day rental in advance as a deposit for making a reservation. The deposit is either deducted from the total rental charges or is forfeited. During the last week of June, deposits earned were not recorded as revenue, $900.

Required

1. Prepare the necessary adjusting entries in general journal form (narrations are required).
2. prepare financial statement.