Problem 4-GA (Part Level Submission) Roadside Travel Court was organized on July 1, 2016, by Betty Johnson, Betty is a good manager but a poor accountant. From the trial balance prepared by a part-time bookkeeper, Betty prepared the following income statement for her fourth quarter, which ended lune 30, 2017. ROADSIDE TRAVEL COURT Income Statement For the Quarter Ended June 30, 2017 Revenues Rent revenue 5213,800 Operating experises Advertising expense $ 4,245 Salaries and wages 82,015 expense Utilities expense Depreciation expense 2,750 Maintenance and repairs 4 LOS cxpense Total operating expenses 24,025 Net Income S119,775 910 Betty suspected that something was wrong with the statement because net income had never exceeded $30,000 in any one quarter. Knowing that you are an experienced accountant, she asks you to review the income statement and other data You first look at the trial balance. In addition to the account balances reparted above in the income statement, the trial balance contains the following additional selected balances at June 30, 2017. Supplies Prepaid insurance Notas Payable $ 9,160 14,400 14,000 Yau then make inquiries and discover the following. 1. Roadside rentals revenues include advanced rental payments received for summer occupancy, in the amount of $57,060. 2. There were $1,810 of supplies on hand at June 30. 3. Prepaid Insurance resulted from the payment of a one-year policy on April 1, 2017 4. The mail in July 2017 brought the following bills: advertising for the week of June 24, $130; repeirs made June 18, $4,480; and utilities for the month of June, $225 5. Wages expense is 3.0 par day. At Juna 30, four days' wages have been incurred but not paid. 6. The note payable is a 6% nate dated May 1, 2017, and due on July 31, 2017. 7. Encome tax of $14,250 for the quartar is dus in July but has not yet been recorded. (a) Prepare any adjusting journal entries required at June 30, 2017. (If no entry is required, select "No Entry for the account titles and enter o for the amounts, Credit account titles are wtomatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit