Samsung Solution (Pty Ltd) is a locally owned and operated business that has been offering financial consulting services. The unadjusted tnal balance as at 30 June 2021 is as follows: Note: During the financial year ended 30 June 2021, the company did not declare and/or pay dividend. Samsung Solution P/L Trial Balance (unadjusted) As at 30 June 2021 Debit Credit Cash at Bank $38.000 $15,000 $35.000 Supplies Display Equipment Loan Payable Share Capital $23.000 $25,000 $162.000 Service Revenue $22.000 $95.000 Rent Expense Salaries Expenses Interest Expenses $3.000 $2.000 Utilities Expenses $210,000 $210,000 Adjusting Transactions 1. The company purchased the display equipment for $35.000 on 1 July 2020. It has a useful life of 5 years and not The value of the asset depreciates equally over its useful life The company is entitled to receive $30,000 of lesson fee from a corporate service. The service was rendered, but this revenue has not yet been recorded, and it is fully expected to be paid. 8. Supplies on hand at year end were counted, and amounted to $7.000 4 The rent expense of $2.000 for June 2021 was not recorded, and was not paid Adjusting Journal Entries Date Accounts Debit Credit 30/06/21 . e Depreciation expense for FY2021 ch 4 30/06/21 + Accrued revenue el 30/06/21 Depreciation expense for FY2021 30/06/21 Accrued revenue 30/06/21 . Adjusting supplies . : 30/06/21 0 0 Accrued expense Required: Please ignore GST and Income Tax A) Prepare the necessary adjusting entries as of 30 June 2021 Finish