The following information related to Rio Ltd is made available for the year ended 30 June 2022: i. Rio Ltd deposited $100,000 in the XYZ Bank on 1 February 2022. XYZ Bank pays interest every 6 months and the first interest payment will be made on 1 August 2022. The annual interest rate on the term deposit is 3.90%. ii. The business supplies account had an opening balance of $15,000 on 1 July 2021. After conducting a physical stocktake, it was revealed that Rio Ltd had used $5,000 worth of business supplies during the year ended 30 June 2022. There was no additional purchase of supplies during the year ended 30 June 2022 iii. On 1 December 2021, Rio Ltd paid $36,000 for a 12-month insurance coverage commencing from 1 December 2021. The initial payment is recorded as an asset. iv. On 1 July 2021, Rio Ltd purchased a machine for $100,000. The machine has an estimated useful life of 6 years and a residual value of $10,000. Rio Ltd uses a reducing balance method to depreciate the machine and the reducing balance depreciation rate per annum is 32%. v. Rio Ltd's unpaid wages as at 30 June 2022 amount to $1,500. vi. On 1 October 2021, Rio Ltd received $5,000 in advance from a customer and the payment was recorded as a prepaid revenue (liability). As at 30 June 2022, Rio Ltd has performed 40% of the work related to this payment. Required: Prepare adjusting entries required on 30 June 2022. Narrations are NOT required. [Hint: Be careful to only record the adjusting entry, not the original transaction] MacBook Pro Marks