Alpha's Graphics was organized on January 1, 2020, by Gabriel Alpha. At the end of the first 6 months of operations, the trial balance contained the following accounts. 16,000 9,400 21,600 59,400 Debits Cash Accounts Receivable Equipment Insurance Expense Salaries and Wages Expense Supplies Expense Advertising Expense Rent Expense Utilities Expense Credits 8,400 Notes Payable 13,800 Accounts Payable 43,000 Share Capital-Ordinary 2,400 Service Revenue 30,100 3,600 2,100 1,600 1,400 106,400 106,400 Analysis reveals the following additional data. 1. The 3,600 balance in Supplies Expense represents supplies purchased in January. At June 30, 1,600 of supplies are on hand. 2. The note payable was issued on February 1. It is a 9%, 6-month note. alance in Insurance Expense is the premium on a one-year policy, dated April 1, 2020. 4. Service revenues are credited to revenue when received. At June 30, services revenue of 1,100 are unearned. 5. Revenue for services performed but unrecorded at June 30 totals 2.400. 6. Depreciation is 2,000 per year. Journalize the adjusting entries at June 30. (Assume adjustments are recorded every 6 months.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit No. Date Account Titles and Explanation 1. June 30 2. June 30 3. June 30 4. June 30 5. June 30 6. June 30 Prepare an adjusted trial balance. ALPHA GRAPHICS Adjusted Trial Balance Debit Credit Prepare an income statement for the 6 months ended June 30. ALPHA GRAPHICS Income Statement Prepare an retained earnings statement for the 6 months ended June 30. ALPHA GRAPHICS Retained Earnings Statement Prepare a statement of financial position at June 30. (List Current Assets in reverse order of liquidity.) ALPHA GRAPHICS Statement of Financial Position Assets Equity and Liabilities