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The unadjusted trial balance of Axe Capital Investment firm on 30 June 2018 is given below: Unadjusted Trial Balance Debit Credit $ 6 500 11

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The unadjusted trial balance of Axe Capital Investment firm on 30 June 2018 is given below: Unadjusted Trial Balance Debit Credit $ 6 500 11 300 38 400 18 950 87 000 Cash at Bank Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation-Equipment Accounts payable Uneamed fees revenue Axe, Capital Axe, Drawings Fees revenue Rent expense Wages expense Sundry expense $ 28 000 10 500 45 160 62 440 2 800 71 350 8 600 39 700 4200 217 450 217 450 The following additional information is available: 1. Prepaid Insurance was purchased on 1 March 2018 for one-year 2. Employee wages are $11 400 per working week (Monday-Friday). Wages are paid weekly on Tuesday (Tuesday wage inclusive). The 2018 financial year ends on a Sunday 3. Advertising expense of $3 600 was incorrectly debited as a sundry expense. 4. Unused supplies on hand on 30 June were $4 210 5. Equipment purchased on 1 July 2016 has a useful life of 6 years and a residual value of $3000 6. 40% of Unearned Fees Revenue was earned during the 2018 financial year. Required: Prepare the necessary adjusting entries in general journal form. (Narrations are not required)

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