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The following additional information is available at June 3 0 , 2 0 2 2 : ( i ) Store Supplies on hand at June

The following additional information is available at June 30,2022:
(i)Store Supplies on hand at June 30,2022amounted to $355,000
(ii) Insurance of $211,500was paid on April 1,2022,for 9-months to December 2022
(iii) Rent was prepaid on March 1,2022,for 7-months to September 2022.
(iv) The furniture and fixtures have an estimated useful life of 10years and is being depreciated on the straight-line method down to a residual value of $10,000.
(v) The motor truck was acquired on December 1,2021,and is being depreciated
over 5years on the double-declining balance method of depreciation, down to
a residue of $15,000
(vi) Salaries earned by employees not yet paid amounted to $188,000at June 30,2022.
(vii) Accrued interest expense as of June 30,2022,$105,000.
(viii) On June 30,2022,$185,000of the previously unearned sales revenue had been earned.
(ix) The aging of the Accounts Receivable schedule at June 30,2022indicated that the
Allowance for Bad Debts should be $140,000.
(x) After making all other adjustments, a physical count of inventory was done, which
reveals that there was $1,380,500worth of inventory on hand at June 30,2022
Other data:
(xi)The business is expected to make principal payments totalling $600,000towards the
loan during the fiscal year to June 30,2023
a)Prepare the necessary adjusting journal entries on June 30,2022.
[Narrations are not required]
b) Prepare the Adjusted Trial balance at June 30,2022.Prepare the companys statement of owners equity at June 30,2022
e) Prepare the companys classified balance sheet at June 30,2022
.
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