Sydney Consulting commenced operations on 1 June 2019. The unadjusted trial balance as at 30 June 2019 is shown below. Sydney Consulting Unadjusted Trial Balance as at 30 June 2019 Account Debit (S) Credit (5) Cash at bank 48,107 Accounts receivable 1.000 Prepaid insurance 12,000 Office supplies 20,000 Computing equipment 130,000 Accounts payable 6,500 Unearned revenue 12.000 Capital, Sydney Consulting 115,507 Service revenue 143,000 Wages expense 26,000 Rent expense 21,000 Electricity expense 13,000 Advertising expense 5.900 277,007 277,007 Additional information: 1. The insurance policy provides coverage for a period of 12 months, commencing 1 June 2019. 2. A stocktake indicated the office supplies on hand as at 30 June 2019 totalled at $10,000 3. The entire amount of the uncarned revenue has been carned on 30 June 2019. 4. Wages expense of $5,000 at 30 June 2019 was incurred, but not yet paid. 5. The depreciation for the computing equipment is $10,000 per month. 6. Services of $5,000 was provided to the customers on 30 June 2019, but not yet received. Required: a) Prepare adjusting entries as at 30 June 2019. Narrations are required. (18 marks) Answers: Date Account Debit Credit b) Calculate the updated balances for the following accounts as a result of the adjusting entries in Part a. (2 marks) Answer: Revenue Wages Expense