The following information concerning Tsang & Family is available at 30 June, the end of the financial year:

1. Interest earned but not received totals $3105.

2. Tsang & Family received $3948 rental revenue on 1 May for the 3-month period beginning on that date. The transaction was recorded by a credit to Unearned Rental Revenue.

3. Prepaid Insurance was debited for $2124 on 28 February to record the cost of a 6-month policy beginning on 1 March.

4. The June electricity bill for $582 has not been paid or recorded.

Required

A. Prepare an adjusting entry for each item.

B. Prepare reversing entries where appropriate.