IlI. Problem Solving: On Apni 1, 2016, Mar Cruz, a awyer his each month. The following tria balance was prepared arter one month of operation opened his own legal practice. The business adjusts and closes itis accounts at the end of UNADJUSTED TRIAL BALANCE Debit Account Title and Explanation Credit Acconts Receivable 10 060 Prepaid Expenses 7 800 1460 26 400 Supplies Office Equipment Accumulated Depreciation-Office Equipment Notes Payable Interest Payable Unearned Service Revenue Cruz, Capital Cruz, Withdrawal Service Revenue Supplies Expense Salaries Ex 16 000 15 020 20000 3 000 1 500 2 600 1200 52 600 52 600 More information: 1. No interest has yet been paid on the note payable. Accrued interest at April 30 amounts to Php200. 2 Salaries eamed by the office staff but not yet recorded or paid amounted to Php970 by Apri 30. Many clients are asked lo make advanced payment for legal services to be rendered in future months. These advances are credited to the Uneamed Service Revenue account once recelved. During Apni, Php5 020 of these advances were eamed by the business Office supplies on hand by April 30 amounted to Php400 5. The office equipment was purchased on A residual value pml 1 and s being depreciated over an estimated usetul me of 10 yeas with no 1. Prepare the adjusting entries for April 30 2. Prepare a statement of income for April 2016