The unadjusted trial balance of Secretarial Services is as follows:

The following additional information should be taken into account.
1.   Office supplies unused at 31 December 2025 amount to \($2320.
2.   Unexpired insurance at 31 December 2025 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 2025 and a balance sheet as at 31 December 2025. (A worksheet may be prepared to assist but it is not necessary.)

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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 SECRETARIAL SERVICES Unadjusted trial balance as at 31 December 2025. Debit Credit $ 6200 7260 1725 82 800 $ 14 600 50 000 15540 27000 126500 63250 2250 1260 7520 3405 2620 1350 $206 640 $206 640