Week 4 Tutorial - Problem: DM Campbell Art Supplies Following from the 10 business transactions that DM Campbell Art Supplies posted in June, DM Campbell Art Supplies recorded the following transactions on the last day of the month, 30th June, the day it closes its books. Record these additional transactions, post the month-end adjusting journal entries as well as prepare an adjusted trial balance and financial statements. 1. DM Campbell Art Supplies consumed $450 of electricity in June. The electricity bill was received on 29th June, with payment due on 29th July. 2. On 1st June, DM Campbell Art Supplies decides to start an art blog with an annual subscription of $120 a year. 4 clients have subscribed to the blog and paid $480. 3. On 1st June, DM Campbell Art Supplies purchased a yearly small business insurance policy for $1800. 4. On the request of one of his clients, DM Campbell provides a two-day art workshop. The first day of the workshop was held on 29th June and the second day will be held a week after on 6th July. The client has agreed to pay $500 for the workshop. \begin{tabular}{l|l} \hline & \\ \hline Normal balanc Accounting \\ \hline Debit & Assets = \\ \hline Credit & Liability + \\ \hline & \\ \hline Credit & Equity + \\ \hline Credit & Revenue - \\ \hline Debit & Expense \\ \hline \end{tabular}