Pete’s Computer Shop is a sole trader run by Pete Narellan. The unadjusted trial balance of Pete’s Computer Shop is shown below.

	PETE’S COMPUTER SHOP Unadjusted Trial Balance for the year ended 30 June 2017
	Account	Debit			Credit
	Cash at bank Accounts receivable Inventory (1 July 2016) Prepaid insurance Store equipment Accumulated depreciation – store equipment Delivery van Accumulated depreciation – delivery van Accounts payable Loan payable Peter Narellan, Capital Drawings Sales Sales returns and allowances Discount received Purchases Purchases returns and allowances Freight inwards Sales salaries expense Freight outwards Discount allowed Interest expense Office salaries expense	$	16 640 19 930 44 970 1 800 29 680 7 440 16 550 11 100 152 600 3 130 32 760 1 520 1 360 1 620   35 120		$	8 780 3 110 9 700 11 400 50 640 282 060 810 9 720
		$	376 220		$	376 220

Required

A.    Prepare a worksheet for Pete’s Computer Shop. Use the following information to make the year-end adjustments.

    1.     Prepaid insurance expired during the year, $1290.

    2.     Depreciation on the store equipment, $3100; and on delivery van, $1540.

    3.     Accrued interest on the loan payable, $745.

    The ending inventory determined by physical count was $36 430.

B. Prepare an income statement, a statement of changes in capital and a balance sheet for the year ended 30 June 2017.

C. Prepare adjusting and closing entries.

D. Prepare a post-closing trial balance.