On April 1, 2016 Mar Cruz, a lawyer opened his own legal practice. The business adjusts and closes its accounts at the end of each month. The following trial balance was prepared after one month of operation:

Account Title and Explanation UNADJUSTED TRIAL BALANCE Debit (DR) Credit (CR) Cash Accounts Receivable 10 060 Prepaid Expenses Supplies Office Equipment Accumulated Depreciation - Office Equipment Notes Payable Interest Payable Unearned Service Revenue Cruz, Capital Cruz, Withdrawal 7 800 1460 26 400 16 000 15 020 20 000 3 000 Service Revenue 1500 Supplies Expense Salaries Expense 2 600 1 200 52 600 52 600 More information: 1. No interest has yet been paid on the note payable. Accrued interest at April 30 amounts to Php200. 2. Salaries eamed by the office staff but not yet recorded or paid amounted to Php970 by April 30. 3. Many clients are asked to make advanced payment for legal services to be rendered in future months. These advances are credited to the Uneamed Service Revenue account once received. During April, Php5 020 of these advances were eamed by the business. 4. Office supplies on hand by April 30 amounted to Php400. 5. The office equipment was purchased on April 1 and is being depreciated over an estimated useful ife of 10 years with no residual value. Instructions: 1. Prepare the adjusting entries for April 30. 2. Prepare a statement of income for April 2016.