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The following balance appeared in Blanco Industries trial balance at 30/04/2022: Details Dr Cr Cash 31,000 a/c receivable 12,000 Prepaid rent 9,000 Supplies 5,400
The following balance appeared in Blanco Industries trial balance at 30/04/2022: Details Dr Cr Cash 31,000 a/c receivable 12,000 Prepaid rent 9,000 Supplies 5,400 Equipment 68,000 a/c payable 6,000 Unearned service revenue 8,000 Insurance expense 18,000 Advertising expense 6,000 Utility expense 1,000 Fuel expense 1,000 Service revenue 38,000 Retained earnings 01/04/2022 4,000 Dividends 3,000 Share capital ordinary 98,400 Total 154.400 154,400 A deep testing of each account in the trial balance revealed the following: 1. Supplies on hand by end of April were 2,000. 2. Equipment depreciated by 500 monthlies. 3. Prepaid rent amount was for 3 months 4. 3,000 of unearned revenues was provided during April. 5. Salaries of April accrued but not paid worth 6,200 6. A 2,000 cash worth service revenue performed during April but not recorded. Required: prepare all the following: 1. Adjusting entries for the month of April. 2. Adjusted Trial Balance 3. Income Statement, Retained Earnings Statement and Statement of Financial Position 4. Closing entries
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