The unadjusted trial balance of Secretarial Services is as follows: SECRETARIAL SERVICES Unadjusted Trial Balance as at 31 December 2017 Account Debit Credit $6 200 7 260 1 725 82 800 $ 14 600 50 000 15 540 27 000 Account Cash at bank Office supplies Prepaid insurance Office equipment Accumulated depreciation office equipment Bank loan payable (non-current) V. Prim, Capital V. Prim, Drawings Secretarial services revenue Salaries expense Advertising expense Repairs expense Sundry expense Electricity expense Telephone expense Interest on bank loan expense 126 500 63 250 2 250 1 260 7 520 3405 2 620 1 350 $206 640 $206 640 The following additional information should be taken into account: 1. Office supplies unused at 31 December 2017 amount to $2320. 2. Unexpired insurance at 31 December 2017 is $540. 3. Office equipment is to be depreciated by $7400. 4. Salaries accrued but unrecorded on 31 December, $260. 5. Electricity accrued and unpaid, $830. 6. On 31 December, telephone charges of $425 have accrued but are unrecorded and unpaid. 7. Interest accrued on bank loan at 31 December was $250. Required A. Prepare adjusting and closing entries B. Prepare an income statement for the year ended 31 December 2017 and a balance sheet as at 31 December 2017. (A worksheet may be prepared to assist but it is not necessary.) The unadjusted trial balance of Secretarial Services is as follows: SECRETARIAL SERVICES Unadjusted Trial Balance as at 31 December 2017 Account Debit Credit $ 6 200 7 260 1 725 82 800 $ 14 600 50 000 15 540 27 000 Account Cash at bank Office supplies Prepaid insurance Office equipment Accumulated depreciation - office equipment Bank loan payable (non-current) V. Prim, Capital V. Prim, Drawings Secretarial services revenue Salaries expense Advertising expense Repairs expense Sundry expense Electricity expense Telephone expense Interest on bank loan expense 126 500 63 250 2 250 1 260 7 520 3 405 2 620 1 350 $206 640 $ 206 640 The following additional information should be taken into account: 1. Office supplies unused at 31 December 2017 amount to $2320. 2. Unexpired insurance at 31 December 2017 is $540. 3. Office equipment is to be depreciated by $7400. 4. Salaries accrued but unrecorded on 31 December, $260. 5. Electricity accrued and unpaid, $830. 6. On 31 December, telephone charges of $425 have accrued but are unrecorded and unpaid. 7. Interest accrued on bank loan at 31 December was $250. Required Prepare a 10 column worksheet The unadjusted trial balance of Secretarial Services is as follows: SECRETARIAL SERVICES Unadjusted Trial Balance as at 31 December 2017 Account Debit Credit $6 200 7 260 1 725 82 800 $ 14 600 50 000 15 540 27 000 Account Cash at bank Office supplies Prepaid insurance Office equipment Accumulated depreciation office equipment Bank loan payable (non-current) V. Prim, Capital V. Prim, Drawings Secretarial services revenue Salaries expense Advertising expense Repairs expense Sundry expense Electricity expense Telephone expense Interest on bank loan expense 126 500 63 250 2 250 1 260 7 520 3405 2 620 1 350 $206 640 $206 640 The following additional information should be taken into account: 1. Office supplies unused at 31 December 2017 amount to $2320. 2. Unexpired insurance at 31 December 2017 is $540. 3. Office equipment is to be depreciated by $7400. 4. Salaries accrued but unrecorded on 31 December, $260. 5. Electricity accrued and unpaid, $830. 6. On 31 December, telephone charges of $425 have accrued but are unrecorded and unpaid. 7. Interest accrued on bank loan at 31 December was $250. Required A. Prepare adjusting and closing entries B. Prepare an income statement for the year ended 31 December 2017 and a balance sheet as at 31 December 2017. (A worksheet may be prepared to assist but it is not necessary.) The unadjusted trial balance of Secretarial Services is as follows: SECRETARIAL SERVICES Unadjusted Trial Balance as at 31 December 2017 Account Debit Credit $ 6 200 7 260 1 725 82 800 $ 14 600 50 000 15 540 27 000 Account Cash at bank Office supplies Prepaid insurance Office equipment Accumulated depreciation - office equipment Bank loan payable (non-current) V. Prim, Capital V. Prim, Drawings Secretarial services revenue Salaries expense Advertising expense Repairs expense Sundry expense Electricity expense Telephone expense Interest on bank loan expense 126 500 63 250 2 250 1 260 7 520 3 405 2 620 1 350 $206 640 $ 206 640 The following additional information should be taken into account: 1. Office supplies unused at 31 December 2017 amount to $2320. 2. Unexpired insurance at 31 December 2017 is $540. 3. Office equipment is to be depreciated by $7400. 4. Salaries accrued but unrecorded on 31 December, $260. 5. Electricity accrued and unpaid, $830. 6. On 31 December, telephone charges of $425 have accrued but are unrecorded and unpaid. 7. Interest accrued on bank loan at 31 December was $250. Required Prepare a 10 column worksheet