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Trail Balance before adjustment Debit Credit Account Titles Cash 3,000 1,500 2,400 24,000 4,800 Supplies Prepaid Insurance Equipment Accum. Depreciation - Equipment Accounts Payable Notes

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Trail Balance before adjustment Debit Credit Account Titles Cash 3,000 1,500 2,400 24,000 4,800 Supplies Prepaid Insurance Equipment Accum. Depreciation - Equipment Accounts Payable Notes Payable Owner's Capital 2,400 4,000 15,600 Owner's Drawings 2,200 6,700 Service Revenue 400 Utilities Expense 33,500 33,500 Totals Additional information. (Adjustments) for the month of June which has not yet been recorded in the accounts is as follows: (a) A physical count of supplies indicates $500 on hand at June 30. (b) The amount of insurance that expired in the month of June was $400, (c) Depreciation on equipment for June was $600. (d) Accrued Rent for the month of june was $750 (will not be paid in July). [8 Marks) REQUIRED: a) Prepare the adjusting entries for the month of June. b) Complete the worksheet: 1) Adjustments 2) Trail Balance after adjustment 3) Income Statement 4) Balance Sheet (3 Marks) [3 Marks) [3 Marks) [3 Marks] c) Prepare Income Statement for the period ending at 30 of June 2020 d) Prepare closing entries at June 30, 2020. [5 Marks) [5 Marks]

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