Question 1) Fun Accounting Consulting had the following trial balance on June 30, 2018: Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accum. Depreciation-Equip Accounts Payable Unearned Service Revenue Utilities Payable Salaries Payable Common Stock Retained Earnings Service Revenue Salaries Expense Depreciation Exp.-Equip. Insurance Expense Utilities Expense Supplies Expense Rent Expense S25,850 7,000 2,000 2,640 15,000 S 1,000 4.540 5,700 21,750 19,000 8,000 4,000 1,000 0 $59,990 $59.990 The following data was available on June 30: l) Supplies on hand total S645. 2) A utility bill for $210 has not been recorded and will not be paid until next month. 3) The insurance policy is for a year 4) Sixty-five percent of the unearned service revenue has been earned at the end of the month. 5) Salaries of $1,520 need to be accrued at June 30 6) The equipment has a 10-year life with no salvage yalue. 7) Invoices representing S3,000 of services perfuimed during the month have not been recorded as of June 30 Instructions: Journalize the adjusting entries at June 30, 2018 in COLOR. Assume no adjustments have beer made since June 1, 2018. Question 2) These financial statement items are for Shady Corporation at year ended, August 31, 2018: Cost of Goods Sold Sales revenue Rent revenue Rent expense Salaries expense Depreciation expense Supplies expense Dividends 127,550 228,675 93,875 47,355 80,625 15,000 29,300 2,225 Instructions: Journalize the closing entries at August 31, 2018 in COLOR