Required: Complete the following worksheet for Appliance Repair for the year ended 30 June 2020. (15 marks) Additional information to complete the worksheet: 1. The equipment of $67,500 was purchased on 1 March 2020. The straight-line depreciation method is used with a useful life of 3 years and a scrap value of $2,700. No depreciation is ever recorded. 2. The $75,000 bank loan was borrowed on 1 May 2020. It is an interest only loan. The interest rate is 0.8% per month. No interest is ever paid or recorded. 3. The supplies on hand at 30 June 2020 were $650. 4. The prepaid insurance balance represents the annual premium paid on 1 April 2020. 5. $2,500 of unearned revenue has been earned by 30 June 2020. 7 B I 6 Trial Balance Unadjusted) Adjustments Trial Balance (Adjusted) Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Account title Cash at bank 37,500 Accounts receivable 127,500 1,800 Prepaid insurance Supplies 900 67,500 Equipment Accumulated depreciation- Equipment Accounts payable 2,700 Unearned revenue 3,150 Interest payable Bank loan (due in 2028) 75,000 49.950 Capital Service revenue 157,500 52,500 600 Wages expense Supplies expense Depreciation expense - Equipment Insurance expense Interest expense 288.300 288,300