Alpha Graphics Company SA was organized on January 1, 2017. At the end of the first 6 months of operations, the trial balance contained the accounts shown below.

Analysis reveals the following additional data.
1. The ‚¬3,900 balance in Supplies Expense represents supplies purchased in January. At June 30, ‚¬680 of supplies are 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 1-year policy, dated March 1, 2017.
4. Service revenues are credited to revenue when received. At June 30, service revenue of ‚¬1,100 is still not performed for the customer.
5. Depreciation is ‚¬2,250 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 a retained earnings statement for the 6 months ended June 30 and a statement of financial position at June 30.

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Debit Credit Cash Accounts Receivable Equipment Insurance Expense Salaries and Wages Expense Supplies Expense Advertising Expense Rent Expense Utilities Expense Notes Payable Accounts Payable Share Capital-Ordinary Service Revenue 8,400 14,000 45,000 2,880 30,000 3,900 1,900 1,500 1,700 109,280 20,000 9,000 22,000 58,280 109,280