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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 30,2022 amounted to $98,400.
(ii) Insurance of $115,500 was paid on May 1,2022, for 7-months to November 2022
(iii) Rent was prepaid on April 1,2022, for 5-months to August 2022.
(iv) The furniture and fixtures have an estimated useful life of 5 years and is being depreciated on the straight-line method down to a residual value of $10,000.
(v) The motor truck was acquired on March 31,2022, and is being depreciated
over 10 years 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 $48,000 at June 30,2022.
(vii) Accrued interest expense as of June 30,2022, $45,000.
(viii) On June 30,2022, $99,000 of the previously unearned sales revenue had been earned.
(ix) The aging of the Accounts Receivable schedule at June 30,2022 indicated that the
Allowance for Bad Debts should be $70,000.
(x) After making all other adjustments, a physical count of inventory was done, which
reveals that there was $1,100,000 worth of inventory on hand at June 30,2022
Other data:
(xi) The business is expected to make principal payments totalling $250,000 towards the
loan during the fiscal year to June 30,2023
Required:
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.
c) Prepare the companys multiple-step income statement for the period ending June 30,2022
d) 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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