SECTION C Choose ONE question to answer. Each question carries 30 marks. Question I On December 31, 2020, the unadjusted trial balance for Musical Sensations after its second year of operations are as follows Musical Sensations Work Sheet AL 2000 office supplies Accumulated depreciation, music Tilat Balance Debit Credit 7.500 14.200 790 125,000 $21.600 Accounts payable 4,200 meamed performance revenu Am Daley, capta 12.400 154.300 Jim Daley withdrawals 52.000 Performance revenut 138.000 Salaries experie 86.000 Travelling experie Total 45.010 $330,500 $330,500 the at REQUIRED 1. Enter the unadjusted trial balance onto a work sheet. 2. Using the following additional information, enter the adjustments into the work sheet. (6 marks) a. A review of the Unearned Performance Revenue account revealed a balance remaining of $9.225. b. Annual depreciation on the musical equipment is $21.600. c. Accrued salaries as of December 31 totalled $6.100. d. It was determined that $650 of the balance in the Office Supplies account had been used. 3. Complete the work sheet. (9 marks) (9 marks) 4. Calculate the balance in the capital account as it would appear on the December 31, 2020, balance sheet. (6 marks) (Total: 30 marks) 10