The Unadjusted Trial Balance of the general ledger of Juliet ltd
on 30 June 2022 is presented below:
	Juliet ltd
	Trial Balance
	as at 30 June 2022
	Account	Debit	Credit
	Cash at bank	$ 9,250
	Investment in marketable securities	$ 97,000
	Accounts receivable	$ 10,000
	GST outlays	$ 5,000
	Prepaid insurance	$ 18,000
	Equipment	$ 135,000
	Accumulated depreciation - equipment		$ 38,250
	Accounts payable		$ 5,000
	interest payable		$ 2,500
	Mortgage payable (due 31 December 2028)		$ 100,000
	GST collections		$ 5,000
	Juliet ltd, Capital		$ 87,250
	Juliet ltd, Drawings	$ -
	Revenue		$ 111,000
	Advertising expense	$ 5,000
	Other selling expenses	$ 5,000
	Electricity expense	$ 5,000
	Sundry expenses	$ 5,000
	Rent expense	$ 5,000
	Depreciation expense	$ 19,500
	Wages expense	$ 32,250
	Interest expense on mortgage	$ 10,000
	Rent revenue		$ 12,000
		$ 361,000	$ 361,000
Additional data for adjustment purposes
(a)	Supplies on 30 June 2022 were:
	(i) Advertising supplies (originally debited to Advertising expense), $1000.
	(ii) Store supplies (originally debited to Sundry expenses), $500.
(b)	On 1 April 2022 the business rented some equipment to
	Lima Ltd for 12 months and received a cheque for $12000
	representing the entire year's rental fee.
(c )	Purchases of equipment were as follows, net of GST:
	Purchase date	Cost	Useful life
	1 January 2019	$ 75,000	10 years
	1 July 2021	$ 60,000	5 years
(d)	The Prepaid Insurance account consists of the following, net of GST:
	Policy number	Date of policy	Life of policy	Tot. prem.
	37457QL	1/04/22	10 years	$ 12,000
	74374NJ	1/10/21	10 years	$ 6,000
(e)	Wages earned by employees but unpaid as at 30 June 2022 totalled $4250.
(f)	Interest on the mortgage payable is $10000 per year, paid in half-yearly instalments
	on 1 March and 1 September.
Required:
A	Journalise adjustments in the general journal of the entity.
			(2.5 Marks)
B	Prepare an Income Statement and a Statement of Changes in Equity for the year
	30 June 2022.
			(2.5 Marks)
C	Prepare a Balance Sheet (properly classified in narrative form) as at 30
	June 2022.
			(2.5 Marks)
D	Present the Interest on Mortgage Expense account showing detailed entries for the
	the year ended 30 June 2022 as it would appear after all adjustments have
	been made.