Question No 2 At June 30, the trial balance shown below was prepared from the ledger of TRC Graphics. The accounts are adjusted and closed each month. TRC GRAPHICS Unadjusted Trial Balance June 30, 2017 Cash 29,000 Account receivable 70,500 Note Receivable 67,900 Prepaid rent 30,000 Unexpired insurance 8500 Graphics Equipments 90,000 Accumulated depreciation Graphics Equipments 500 Notes payable 14,000 Unearned Graphic revenue 60,950 TRC Capital stock 230,850 TRC dividend 7,750 Graphic Revenue 130,750 Fuel expense 53,800 Salaries expense 66,700 Maintenance expense 12,900 437,050 437,050 Additional data (i) The graphic equipments are being depreciated over a period of 5 years. The amount shown as unearned graphic revenue represents payment received from customers in advance. During June, Rs.40,000/-of this amount was earned by the TRC Graphics. (iii). Salaries earned by employees but not yet paid amount to Rs.3.000/- at June 30. (iv). No entry has yet been made to record Rs.4,000/- earned in June but not yet billed to clients. (v). Four months' rent (9,000) had been prepaid on May, 1. vi). Insurance (1,000) expired during month of June. Requirements:- (a). Prepare adjusting entries (6marks) (b) Prepare adjusted trial balance. (6marks)