pls help me with the adjusted trial balance,

thx so much

You have just been hired as the accountant for "Camrose Chronical Ltd.", a company that issues a monthly magazine. They have two main sources of income - advertising (print and online) and the sale of promotional merchandise for individuals and companies. The magazine is released on the first Saturday of each month. The company has been operating for many years and the prior accountant retired. You are now responsible in picking up where they left off. The prior accountant prepared the unadjusted trial balance for you to start with. The owner and prior accountant also provided you with the following additional information to help you with any unrecorded transactions Other Details: - The year-end date is September 30, 2019 - The prior accountant has recorded all transactions from October 1, 2018 to August 31, 2019. They have provided the trial balance of all the work they did up to August 31 2019 - You have been able to confirm there are no errors in the numbers provided, but there appear to be some classification differences and adjustments needed for the year end. - A/A is short for accumulated amortization - Supplies consist of various products purchased that they then use their equipment to engrave, as well as supplies for printing the magazine and creating other products for re-sale (supplies are assets to be consumed) - Accounting policy is to add supplies purchased to the asset account and adjust at month end. - Each year any profits are moved into investments that cannot be withdrawn for a minimum of two years in order to obtain higher rates of return - The rental agreement for the location was renewed, signed and paid on October 1, 2018. They received a substantial reduction in rent by paying for two years of rent at once, total payment was $60,000. The two year rental agreement runs from October 1, 2018 to September 30, 2020 - The equipment was purchased 8 years ago and is expected to last for another 4 years, including the current year. The current net book value of the equipment after 8 years of depreciation has been claimed is $40,000 - The equipment was purchased using a loan of $120,000. Loan payments are made on the last day of each month in the amount of $2,000, there is no interest charged on this loan. There are two years of payments left on the loan as of September 30, 2019. - No depreciation or amortization expense has been recorded on the equipment for the 2019 year end as it is usually recorded on the last day of the year. -The insurance policy runs from January 1, 2019 to December 31, 2019 each year. The premium paid for the current year -The insurance policy runs from January 1, 2019 to December 31, 2019 each year. The premium paid for the current year was $3,600 and was put into prepaid insurance. -You have determined unearned revenue consists of two different amounts from August: - First, advertising sales of $18,400 that was paid by various customers, but related to the magazine released on September 1, 2019 -Second, $14,200 of payments from Uofa Augustana for promotional merchandise that were not completed or delivered as of August 31, 2019 Sept 8 Events/Transactions Date Details Sept 1 The September 1st magazine is printed and distributed and released online. A customer calls in and places and order for $2,200 of promotional products Sept 13 Additional supplies are ordered on account for the month, total ordered S22,250. No invoice is received and they estimate at least week until the goods ship. Sept 14 UofA Augustana order (paid for previously) is completed and delivered at the agreed upon rate of $14,200 for all the merchandise. Sept 19 Invoice of $22,250 and shipping notification is received for the supplies ordered on September 13th. Sept 22 A custom merchandise job order is received and a payment is made on the order in the amount of $2,600. The custom order is not expected to be completed until October 12, 2019 Sept 26 The order placed on September 8 for $2,200 is completed, invoiced, and shipped to the customer Sept 29 Payments are received from various businesses for advertising in the October 6th magazine release. Payments total $26,100 Sept 30 Employee's submit time sheets showing they are owed wages of $12,500 for September which will be paid October 1 Sept 30 Loan payment made for $2,000 on the equipment loan, all principal. Sept 30 You review the materials used for the month and determine that supplies used in the month total $46,800 Sept 19 Invoice of $22,250 and shipping notification is received for the supplies ordered on September 13th. Sept 22 Sept 26 Sept 29 A custom merchandise job order is received and a payment is made on the order in the amount of $2,600. The custom order is not expected to be completed until October 12, 2019 The order placed on September 8 for $2,200 is completed, invoiced, and shipped to the customer Payments are received from various businesses for advertising in the October 6th magazine release. Payments total $26,100 Employee's submit time sheets showing they are owed wages of $12,500 for September which will be paid October 1 Loan payment made for $2,000 on the equipment loan, all principal. You review the materials used for the month and determine that supplies used in the month total $46,800 Sept 30 Sept 30 Sept 30 Sept 30 Sept 30 You calculate all other year-end adjusting entries necessary. You calculate the interest earned, but not received on the investments to be $9,750 For all of the below, include proper headings Requirements: 1 Create the journal entries and adjusting journal entries to reflect the above events. If no entry is required, document this and why Marks Available: 16 1 mark per 2 Create T-accounts, post the opening balances from the August 31 trial balance, post all of the transactions to the appropriate T-account, making new T-accounts if needed. Be sure to total each T-account. Marks Available: 26 One mark 3 Prepare the adjusted trial balance, showing the opening trial balance, a net adjustment column and the closing balances. lla