50 MARKS SECTION B PROBLEM SOLVING QUESTIONS The unadjusted trial balance of Mountainview Limited as at 31 December, 2019 is as follows: Unadjusted Account title Trial Balance Debit REQUIRED: Refer to TABs BELDW to answer your questions A) PREPARE RELEVANT ADJUSTING ENTRIES. 16 MARKS 6,500 4.500 86.000 B) POST TD 10-COLUMN WORKSHEET PROVIDED 20 MARK C) PREPARE CLOSING ENTRIES S MARKS D) PREPARE APPROPRIATE REVERSING ENTRIES. 6 MARKS 24,000 45,000 32.000 12,000 Cash at Bank Office Supplies Prepaid Insurance Delivery Vans Acc. Depr.- Del. Vans Bank Loan Payable Capital Drawings Revenue Salaries Expense Advertising Expense Repairs Expense Fuel Expense Electricity Expense Telephone Expense Interest Expense 38,600 2.500 1,660 8.400 3.600 800 1.600 169,010 The following additional information should be taken into account Ignore GST): 1.0 Office supplies unused at 31 December 2019 amount to $1.250. 2.0 The Prepaid Insurance account consists of the followidg insurance policies: Policy number Date of policy Life of Policy Total Cost A1002 1 January 2018 2 years $2.500 B1003 July 2019 1 year $1,600 Hint: Only ONE journal entry is required Salaries carned by employees but unpaid at 31 December 2019 totaled $945. 3.0 4.0 Supplier charges Mountainview Lid $1,650 of fuel which has been used by delivery Vans in December 2019 FILTELELELELELE 5.0 Interest accrued on Bank Loan at 31 December is $473 6.0 The Revenue account includes $2,300 for services to be provided in January, 2020 7.0 Delivery has been made to customers worth $650 in the last week of December, howqver, customers have yet to settle their accounts. 8.0 Advertising expense includes $650 worth of advertising to be used by company in February, 202