Givens Graphics Company, Inc., was organized on January 1, 2011, by Sue Givens. At the end of the first 6 months of operations, the trial balance contained the accounts on the shown below.

Analysis reveals the following additional data.
1. Th3 $3,700 balance in Supplies Expense represents supplies purchased in January. At June, $1,300 of supplies was on hand.
2. The note payable was issued on February 1. It is a 9%, 6 month note.
3. The balance in Insurance Expense is the premium on a one-year policy, March 1, 2011.
4. Consulting fees are credited to revenue when received. At June 30 consulting fees of $1,500 are unearned.
5. Graphic revenue earned but unrecorded at June 30 totals $2,000.
6. Depreciation is $2,000 per year.

Instructions
(a) Journalize the adjusting entries at June 30. (Assume adjustments are recorded every 6 months).
(b) Prepare an adjusted trial balance.
(c) Prepare an income statement and retained earnings statement for the 6 months ended June 30 and a statement of financial position at June30.

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Debits Credits Cash Accounts Receivable Equipment Insurance Expense Salaries Expense Supplies Expense Advertising Expense Rent Expense Utilities Expense 9.500Notes Payable S 20.000 9.000 Share Capital-Ordinary 22.000 52.100 6,000 14.000 45.000 1.800 30.000 3.700 1,900 1.500 .700 S109.100 Accounts Payable Graphic Revenue Consulting Revenue S109.100