The ledger of Robert Rentals on 30 June 2019 includes the following selected accounts before adjusting entries have been prepared: Debit s Credits Prepaid insurance 23400 Supplies 14000 Equipment 162000 Accumulated depreciation-equipment 32400 Bank loan 130000 Rent revenue received in advance 60450 Rent revenue 390000 Wages expense 91000 An analysis of the accounts shows the following adjustments that need to be made: 1. The equipment depreciates $2700 per month. 2. The rent revenue received in advance was for 6 months commencing 1 June 3. Interest of $2340 is accrued on the bank loan. 4. Supplies on hand total $6250 5. The benefits of prepaid insurance expire at the rate of $1950 per month. Required a) Prepare the adjusting entries at 30 June 2019. (12 Marks) b) Determine the adjusted balances of the following general ledger accounts at 30 June 2019. (3 Marks) (Total 15 Marks) Debit s Credits Rent revenue received in advance Supplies 3 Prepaid insurance 1. 2