Question on Unit 3

Consider the unadjusted trial balance of Riverdale Company at June 30, 2016, and the related month-end adjustment data.

Riverdale Company
Trial Balance
30-Jun-16
	Balance
	Debit	Credit
Cash	6,900
Accounts receivable	1,100
Prepaid rent	3,500
Supplies	1,100
Motor Vehicle	77,000
Accumulated depreciation		3,400
Accounts payable		3,300
Salary payable
Riverdale, capital		80,000
Riverdale, drawing	4,400
Service revenue		9,600
Salary expense	1,500
Rent expense
Fuel expense	800
Depreciation expense
Supplies expense
	96,300	96,300

Adjustment data at June 30 follow:

1. Accrued service revenue at June 30, $1,500
2. $70as a0 of the prepaid rent expired during the month.
3. Supplies on hand at June 30, $700
4. Depreciation on motor vehicle for the month, $1,400.
5. Accrued salary expense at June 30, $300

Requirement:

1. From the information presented, prepare the adjusting entries for items 1-5 above and then prepare the companys adjusted trial balance as at June 30, 2016
2. Prepare the income statement for the year ended June 30, 2016
3. Prepare the owners equity statement for June 30, 2016
4. Prepare the balance sheet as at June 30,2016