please answer parts 2,6,7 ONLY (i do not need 1,3,4,5 solved as i have the solutions and i attached part 1 in the question) please when solving 2,6,7 answer in reference to the other answered parts (very important)

1-

a) Assuption Made for Adjusting Jounal Entries.
1) Art Supplies on is hand is $4,700
2) Depreciation expense on Building is $11,000 and Printing equipment is $4,000
3) Allowanc for Doubtfule Account for the year is $7,300
4) Interest on Notes Receivable is accrued is $1700.
5) Interest on Note payable is accrued $ 1,500.
6) Salaries unpaid is $10,700.
7) Rent expired is $6,500.
8) Service provided with respect of unearned revenue is $14,800.
Account Tittle	Debit	Credit
Supplies Expense	$ 4,700
Art Supplies		$ 4,700
Depreciation Expense	$ 15,000
Accum. Depreciation-Building		$ 11,000
Accum. Depreciation-P.Equipment		$ 4,000
Bad Debt Expense	$ 7,300
Allowance for doubtful accounts		$ 7,300
Interest Receivable	$ 1,700
Interest Revenue		$ 1,700
Interest Expense	$ 1,500
Interest Payable		$ 1,500
Salaries Expense	$ 10,700
Salaries Payable		$ 10,700
Rent Expense	$ 6,500
Prepaid Rent		$ 6,500
Unearned Advertising Revene	$ 14,800
Advertising Revenue		$ 14,800

Alla Agency was founded in January 2017. Presented below is the trial balance as of March 31, 2020, the end of the company's fiscal year Afia Agency Trial Balance March 31, 2020 Debit Credit $135,000 Accounts Receivable 97 500 Allowance for Doubtful Accounts Notes Receivable 38.700 Art Supplies 34.700 Prepaid Rent 26,500 Printing Equipment 65,000 Accumulated Depreciation - Printing Equipment 12,000 Building 160.000 Accumulated Depreciation - Building 33,000 Notes Payable 30.800 Accounts Payable 28.500 Uneamed Advertising Revenue 34.800 Share Capital - Ordinary 300,000 Retained Earnings 39.500 Dividends il etisalat @40 44% 5:52 AM accg201 project f Advertising Revenue 278.750 Salaries Expense 114,300 Utilities Expense 22.600 Insurance Expense 16,750 Miscellaneous Expense 26,400 Totals $759,650 $759,650 Instructions 1. Prepare the adjusting entries for these accounts: - Art supplies (Supplies expense) Accumulated Depreciation - Printing Equipment - Accumulated Depreciation - Building Allowance for doubtful Accounts (Bad debt expense) Notes receivable Interest revenue) - Notes payable Interest expense) - Salaries expense - Rent Expense - Uneamed Advertising Revenue You need to set your own assumptions in order to adjust the accounts. Those assumptions should be in consistency with your trial balance ..tl etisalat @ 44% 4 5:53 AM accg201 project f Ay Q + Example The trial balance is showing the following balance for "Art Supplies": Art Supplies 34.700 Your assumption could be formulated as follows: 1. Art Supplies: An inventory count at the end of the year reveals that $4,700 of supplies are still on hand. So the cost of supplies used 34,700-4.700-30,000 Adjusting entry for supplies: Dr: Supplies Expense Cr: Art Supplies 30,000 30,000 You need to do same for the other adjustments. You can follow the textbook po 106-117 2. Post the adjusting entries to the ledger 3. Prepare an adjusted trial balance 4. Prepare the worksheet 5. Prepare financial statements: Income statement, retained earnings statement and statement of financial position 6. 7. Journalize and post the closing entries Prepare a post-closing trial balance