Small Musical Production Company Trial Balance 30-Jun-14 Balance Debit Credit Cash 200,000 Accounts receivable 85,000 Prepaid rent 105,000 Supplies 45,000 Motor Vehicle 345,000 Accumulated depreciation 155,000 Salary Payable Mounts avable Accounts payable 159.000 Unearned service revenue 100,000 R Small, capital 400,000 R Small, drawing 14,000 Service revenue 350,000 Salary expense 255,000 Rent expense 105,000 Miscellaneous expense 10.000 Depreciation expense Supplies expen 1,164,000 1.164.000 Adjustment data as at June 30 follow: a. Supplies on hand at year-end, $9,000. b. Seven (7) months of rent ($105,000) were paid in advance on February 1, 2014 c. Depreciation expense on the building of $34,500 has not been recorded. d. Salary not paid at year end $25,000 e. Service revenue of $9,000 must be accrued. f. Small received $100,000 in advance for consulting services to be provided evenly from January 1, 2014, through October 31, 2014. None of the revenue from this client has been recorded. Requirements: 1. Prepare the adjusting entries for the company based on the adjusted data presented above 2. Prepare the company's Adjusted Trial balance for June 30, 2014 (do not use the Accountant worksheet approach) 3. Prepare the Income Statement for the year ended June 30, 2014 4. Prepare the Statement of Owner's Equity for the year ended June 30, 2014