Problem -6A Realide Travel Court was organited on July 1, 2015 by Betty Johnson Bully a good manager accountant. From the trial balance prepared by a part-time bookkeeper Betty prepared the following incomment for her fourth an, which enterture, ant ROADSIDE TRAVEL COURT In Statement For the unter Ended June 30, 2017 Revenue 3210,000 Operating expenses Advertising Expense $ 3.811 Salaries and wage pense 10,510 Utilities exp Depression pense 2,710 Maintenance and repair supene 4,010 91,950 Toral nerating expenses $110,00 910 Betty spected that something was to with the statement because net income had never exceeded $20.000 inwone warter Knowing that you are an experienced muntantshes you to review the income statement and other data You first look at the trial balance. In addition to the account barported above in the income statement, the trial balance contains the following additional de balonces at June 10, 2017 Supplies $1,210 Prepard Insurance 14,400 Notes Payable 14,000 You then make inquines and discover the flowing 1. Roadside rental revenues include avanced rental payments received for summer occupancy, in the amount of 357,010. 2. There were $1,000 of supplies on hand at lune 30. 2. Prepaid thurance resulted from the payment of one-year on April 1, 2017 4 The may 2017 Lught the following bills atvertising for the week of June 24, $110, epaits made June 13, 54,450, and utiles for the month of June. $215 5. Wages expense 1300 per day, June 30, four days mapes have been incurred but not paid 6. The note bayable is hoe dated May 1, 2017, and dutely as 2017 Income tax of $12,410 for the quarter tidue July but has not yet been recorded. PRINCIPLE 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 automatically indented when the amount No Account Titles and Explanation Debit Credit 7 5. HOW LIST OF ACCOUNTS LINK TO TEKT Prepare a correct income statement for the quarter ended June 30, 2017, ROADSIDE TRAVEL COURT Income Statement $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT