Assignment 2 [PART B 10%] ACS discovered the following data on July 31" after preparing the trial balance in Part A above: 1. Unbilled and uncollected revenue for services performed at July 31" were $2,700. 2. No provision has been made for depreciation. 3. No adjustment for insurance has been made. 4. Only $600 of cleaning supplies are on hand. 5. Employee salaries of $1,000 have not been paid. Required: 1. Prepare journal entries for the above adjustments and post them to the ledger 2. Prepare a worksheet and make the above adjustments in the worksheet. 3. Prepare the following financial statements: a. The income statement for the period ended July 31" 2017. b. Statement of changes in owner's equity for the period ended July 31" 2017. c. Statement of cash flows for the period ended July 31" 2017. d. Statement of financial position as at July 31" 2017. Assignment 2 [PART B 10%] ACS discovered the following data on July 31" after preparing the trial balance in Part A above: 1. Unbilled and uncollected revenue for services performed at July 31" were $2,700. 2. No provision has been made for depreciation. 3. No adjustment for insurance has been made. 4. Only $600 of cleaning supplies are on hand. 5. Employee salaries of $1,000 have not been paid. Required: 1. Prepare journal entries for the above adjustments and post them to the ledger 2. Prepare a worksheet and make the above adjustments in the worksheet. 3. Prepare the following financial statements: a. The income statement for the period ended July 31" 2017. b. Statement of changes in owner's equity for the period ended July 31" 2017. c. Statement of cash flows for the period ended July 31" 2017. d. Statement of financial position as at July 31" 2017