4. Hotel Shaikat started its business on 1 March 2016. After 1st month activities its WORK SHEET before adjustment is as under: [CLO 2 and 3; Level 2] Other Data: (i) (ii) (iii) (iv) Hotel Shaikat Work Sheet March 31, 2016 Account Name Required: (a) Complete the work sheet Cash Accounts receivable Service revenue Prepaid Insurance 8,400 Office equipment 22,000 Mortgage payable Unearned revenue Travelling expense Accounts Payable Beverage sales revenue Office supplies Salary expense Owner's drawing Owner's capital Depreciation for January is Tk. 250 Unearned revenue amounted to Tk. 260 at March 31 Accrued salaries were Tk. 700 Debit 18,000 7,000 (b) Prepare the necessary closing entries 2,000 3,300 7,200 2,000 Credit 17,400 Total 69.900 69.900 Tk. 4,000 of unearned rent revenues remained unearned at March 31, 2016 A physical count reveals only Tk. 480 of supplies on hand 11,000 24,000 8,500 4,000 5,000 [10] [04]