The following is the trial balance of KPM merchandise concern for the year ending 30th to June 2018:

Accounts title Debit in amount tk Credit in amount tk

Cash 11000 .............

Account receivable 40000 ............

Accounts payable .......... 10500

Merchandise inventory 30700 .............

Notes payable .......... 20800

Sales revenue .......... 250400

Unearned service ............ 36000

salaries expense 12000 ............

Prepaid rent 10800 ............

Prepaid insurance 14400 ............

Supplies on hand 2800 ............

Land 100000 ............

Building (1.08.17) 100000 .............

Furniture and Fittings 150000 ...............

Accumulated depreciation-building ............. 27000

Accumulated depreciation-furniture ............. 20700

Cost of goods sold 100300 .............

Sales return and allowance 2000 ............

Capital .............. 215000

Drawings 6400 ...............

Total 580400 580400

Adjustments:

1) Rent expired during the year Tk 8000.

2) Insurance was paid for the coverage of three years policy.

3) Out of the supplies purchased Tk 1000 is still unused.

4) Provide allowance for bad debt at rate of 6% on accounts receivable .

5) Provide depreciation on building @10% and on furniture @ 5% per annual.

6) Merchandise inventory actually on hand is Tk 36000.

Requirement :

Prepare adjusting entries and adjusted trial balance for the period of 1st july, 2017 to 30th june,2018 .