Question 2 of 2 < > -/5 E Alpha's Graphics was organized on January 1, 2020, by Gabriel Alpha. At the end of the first 6 months of operations, the trial balance contained the following accounts. Debits Credits Cash 8,000 Notes Payable 12,000 Accounts Receivable 13,500 Accounts Payable 8,500 Equipment 42,000 Share Capital-Ordinary 21,500 Insurance Expense 2,400 Service Revenue 61,100 Salaries and Wages Expense 29,500 Supplies Expense 3,300 Advertising Expense 1,700 Rent Expense 1,300 Utilities Expense 1,400 103,100 103,100 Analysis reveals the following additional data. 1. The 3,300 balance in Supplies Expense represents supplies purchased in January. At June 30, 1,500 of supplies are on hand. 2. The note payable was issued on February 1. It is a 8%, 6-month note. 3. The balance in Insurance Expense is the premium on a one-year policy, dated April 1, 2020. 4. 5. 6. 56 Service revenues are credited to revenue when received. At June 30, services revenue of 1,100 are unearned. Revenue for services performed but unrecorded at June 30 totals 1,500. Depreciation is 2,000 per year. Chapter 3 Homework Question 2 of 2 < > Prepare an adjusted trial balance. ALPHA GRAPHICS Adjusted Trial Balance w Debit -15 E 3 Chapter 3 Homework Question 2 of 2 < > Prepare an income statement for the 6 months ended June 30. ALPHA GRAPHICS Income Statement eTextbook and Media List of Accounts 3 -15 E Chapter 3 Homework Question 2 of 2 Prepare an retained earnings statement for the 6 months ended June 30. ALPHA GRAPHICS Retained Earnings Statement eTextbook and Media List of Accounts -/5 E Prepare a statement of financial position at June 30. (List Current Assets in reverse order of liquidity.) ALPHA GRAPHICS Statement of Financial Position Assets Chapter 3 Homework Question 2 of 2 > ALPHA GRAPHICS Statement of Financial Position Assets Equity and Liabilities -15 E