Task 4 - Preparing Financial Statements From the following selected ending ledger balance extracted from the ledger book of Aman's Accounting Practice Pty Ltd during December 2019, prepare the unadjusted Ending Trial balance, adjusted Income statement and adjusted balance sheet for "Adam's Legal Practice Pty Ltd." Aman's Accounting Practice Pty Ltd. Ending Ledger Balance 31 December 2019 Account Title Ending balance Debit (S) Credit (S) Cash 343,700 Prepiad internet 100 Books & Stationeries 35.900 Prepaid Insurance 18,000 Prepaid Internet S2000 Land 35,000 Buildings 125.000 Equipment 66,0001 Depreciation 2,000 Service Revenue 77,500 Salaries Expense 27,500 Rent Expense 7.500 Administrative Expense 10,000 Utilities Expense 2,500 Advertising Expense 10,800 Accounts Payable 30,700 Salaries Payable 12,5001 Uncarned Service 9,000 Revenues Mortgage Payable 70,0001 Adam's Equity 500,000 Drawings 17,5001 Total 1,399,000 Additional Adju justments need to be incorporated: 1. Depreciation expenses for building need to be recognized for $1,500, 2. Interest expenses incurred but not recognized amounting $500 1. Prepaid internet plan expired and need to be recognized 100. 4. 50% of the prepaid insurance expired. 5. 55,000 of uncerned service revenues came but not recorded Aman's Accounting Practice Pty Ltd. Ending Ledger Balance 31 December 2019 Account Title Deblt(s) Credit (5) read internet Books & Stationeries Prepaid Insurance Prepaid Sternet Land Buildings Equipment Depreciation Service Revenue Salaries Expense Rent Expense Administrative Expense Utilities Experise Advertising Lispense Accounts Payable Salaries Payas Unearned Service Revenues Mortgage Payable Adam quity Drawings Total 110 Marks Aman's Accounting Practice Pty Ltd. Income Statement 31 December 2019 Account Title Debit Credit Service Revenue Salaries Expense Rent Expense Administrative Expense Utilities Expense Advertising lixpense Depreciation expenses Interest EDERECE Internet e PRICE EXPRES Net Profit Total JOS Marks Apran's Accounting Practice Pty Ltd. Balance Sheet 31 December 2019 Account Title Debit Credits Books & Stationeries Prepaidance Land Buildings Equipment Accounts Payable Salaries Payable Unearted Service Revenues Mortgage Payable Adams Equity Drawings Net it Total 105 Marks