The following are amounts from the trial balance of Randwick Ltd before adjusting entries have been made for the year ending 30 June 2019

The chart of accounts for Randwick Ltd is as follows:

Account name	Account number
Cash	1
Inventory	2
Accounts receivable	3
Interest receivable	4
Supplies	5
Equipment	6
Accumulated depreciation	7
Accounts payable	10
Unearned revenue	11
Wages payable	12
Interest payable	13
Long-term loan	14
Share capital	20
Retained profits	21
Service revenue	30
Interest revenue	31
Cost of goods sold	40
Interest expense	41
Wages expense	42
Supplies expense	43
Depreciation expense	44
P & L summary	50

The following adjustments have not been made as of 30 June 2019:

a. One of the cash receipts credited to service revenue turned out to be a deposit of $6,000 made by a customer on an order that will be filled a week after the end of the year.

b. Bank owes Randwick Ltd additional interest of $1,000 at year end.

c. A stock-take reveals that supplies on hand amount to $700 at year end.

d. Wages accrued but not yet paid amount to $1,100 at year end

e. Depreciation expense amounts to $3,000 for the year.

Required:

1. Prepare adjusting journal entries for each of the above transactions.

2. Prepare closing entries.

3. Prepare Randwick Ltds balance sheet at 30 June 2019.

Dr Cr Cash 3,200 Accounts receivable 2,600 Supplies 2,100 Inventory 10,000 80,000 Equipment Accumulated depreciation Accounts payable 20,000 4,800 Long-term loan 20,000 Share capital 24,500 Retained profits 11,800 Service revenue 42,600 Interest revenue 1,200 Supplies expense 5,000 Wage expense 20,000 Interest expense 2,000 $124,900 $124,900