The following unadjusted trial balance was taken from the ledger of Miranda’s Management Services on 30 June 2016.

Account	Debit			Credit
Cash at bank Accounts receivable Prepaid insurance Equipment Accumulated depreciation – equipment Accounts payable Miranda Pike, Capital Miranda Pike, Drawings Service revenue Wages expense Electricity expense Sundry expense		$80 000 74 000 24 000 230 000 50 000 130 000 54 000   26 000			$60 000 64 000 204 000 340 000
		$668 000			$668 000

Required

A. Prepare a 10-column worksheet using the following additional information on 30 June 2016:

1. Accrued wages, $18 000.

2. Expired insurance, $16 000.

3. Depreciation on equipment, $60 000.

B. Prepare an income statement, a statement of changes in equity and a balance sheet.

C. Record the adjusting and closing entries in the general journal.