Prepare an adjusted trial balance, an income statement and a balance sheet. (Determi sheet. Round answers to 0 decimal places, e.g. 1,525.) Chelsea Elliott, Marketing Services Adjusted trial balance as at 30 June 2018 Account Debit Credit $ Chelsea Elliott, Marketing Services Income statement for the year ended 30 June 2018 $ Chelsea Elliott, Marketing Services Balance sheet as at 30 June 2018 Assets The trial balance of Chelsea Elliott, marketing services provider, at 30 June 2018 was as follows: Credit Chelsea Elliott, Marketing Services Unadjusted trial balance as at 30 June 2018 Account Debit Cash at bank $7,000 Accounts receivable 19,530 GST receivable 2,340 Prepaid rent 1,890 Prepaid insurance 2,460 Office supplies 3,6 Office equipment 10,980 Accumulated depreciation - office equipment Accounts payable Unearned fees Loan payable - due 2018 GST payable C Elliott, capital C Elliott, drawings 46,800 Fees revenue Salaries expense 51,480 Telephone expense 5,490 $2,220 2,520 990 8,280 7,250 14,940 124,570 Rent expense 9,180 $160,770 $160,770 v (a) ZYour answer has been saved and sent for grading. See Gradebook for score details. Using the following information, prepare adjusting entries. Use the accounts shown in the trial balance and these additional accounts: salaries payable, interest payable, telephone account payable, depreciation expense, office supplies expense, insurance expense, interest expense. (Enter debit entries first, followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to o decimal places, e.g. 1,525.) 1. 2. 3 4. Interest expense of $470 has accrued on the loan payable. A physical count of office supplies on 30 June shows $500 of unused supplies on hand. Depreciation of the office equipment this year is estimated to be $920. Half the amount in the unearned fees account had been earned by the end of the year. The amount in the prepaid rent account covers this June and the next 2 months. of prepaid insurance, 70% expired this period. Salaries expense accrued for the last 4 days in June amounts to $1,490. The telephone expense for June of $600 has not been recorded or paid. No tax invoice has been issued. 5. 6. 7. 8