Required Complete the following worksheet for Magical Bookshop Pty Ltd for the year ended 30 June 2021 using the unadjusted trial balance in the worksheet and the additional information provided below. (14 marks) a. The equipment costing $520,000 was purchased on 1 January 2021. The straight-line depreciation method is used. The equipment has a useful life of 6 years and a scrap value of $40,000. No depreciation has been recorded yet. b. Services of $8,600 has been provided but not recorded yet. No cash is received yet. c. Two casual employees both worked 5 days in June 2021. The daily rate for each casual employee is $400. No wages have been recorded or paid yet. d. A stocktake shows there were supplies on hand costing $5,900. e. The prepaid Insurance balance represents the annual insurance premium paid on 1 January 2021. If you accidentally delete the answer template, you may undo the deletion using "Ctrl + Z" (for Windows) or "Command + Z" (for Mac). If that does not work, please click on this link Answer Template. You may copy and paste the answer template to the answer box. 7 A B U1 Account title Cash at bank Accounts receivable Prepaid Insurance Supplies Equipment Accounts payable Unearned revenue Bank loan (due in 2025) Capital Trial Balance Trial Balance Income (Unadjusted) Adjustments (Adjusted) Statement Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit 346,300 58,000 12,000 32,000 520,000 75,000 38,000 120,000 580,000 Service revenue Wages expense 162,000 6,700 975,000 975,000