The trial balance shown below summarises the year’s activities for Nova Caine’s dental surgery.

	NOVA CAINE, DENTIST Unadjusted Trial Balance as at 30 June 2016
	Account		Debit			Credit
	Cash at bank Fees revenue Accounts receivable Equipment Accumulated depreciation – equipment Dental supplies Office supplies Nova Caine, Capital Nova Caine, Drawings Accounts payable Wages expense – dental assistants Rent expense Office expenses General expenses			$   5 600 56 000 520 000 142 000 8 000 120 000 142 000 65 000 27 000   67 000			$610 000 165 000 357 600 20 000
				$1 152 600			$1 152 600

The following additional information should be considered:

1. Inventory of dental supplies on hand at 30 June is $16 400; $2400 office supplies are on hand.

2. Depreciate equipment at the rate of 15% p.a. on cost ($520 000).

3. Rent of $5000 has been paid in advance and has been debited to rent expense.

4. Wages earned by the dental assistants but unpaid, $1620.

Required

A. Journalise the adjusting entries.

B. Journalise the closing entries.

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

D. Journalise the reversing entries (if any).