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Please provide the adjusting entries and the detailed calculations 26 Adjusting entries and justifications A Miranda's Motor Mechanics analysed the accounting records and other data

Please provide the adjusting entries and the detailed calculations

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26 Adjusting entries and justifications A Miranda's Motor Mechanics analysed the accounting records and other data for the business. The following information is made available for the year ended 30 June 2019. 1. Salaries and wages owing to employees at the end of the financial year amounted to $2480. 2. Included in the Prepaid Rent account is an amount of $1600 paid in June for the month of July 2019. The Prepaid Rent account has a debit balance of $4800. 3. All equipment had been acquired when the business was established on 1 July 2016. The Equipment account has a debit balance of $142 000. The equipment has a useful life of 10 years and an estimated residual value of $6000. 4. The Motor Vehicle account has a debit balance of $80 000. The vehicle was purchased on 1 January 2019 and has an estimated useful life of 5 years and an estimated residual value of ibas $10 000. di not ylut ni bisq so lliw sH .vab & 0858 amss ing

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