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Dr REQUIRED: Complete the worksheet in full (Adjustments, Adjusted Trial Balance, Income Statement and Balance Sheet). Ensure that you calculate the Profit/Loss as demonstrated in lectures. The trial balance shows account balances as at 1 June 2020. JJ Inc. Worksheet as at 30 June 2020 Account Title Adjustments Adjusted Trial Balance Income Statement Balance Sheet Cr Dr Cr Dr Cr Dr Cr Dr Cr Cash at Bank 131,000 Accounts Receivable 104,000 Inventory 50,000 Supplies Prepaid Rent 27,000 Land 45,000 Building 300,000 Accumulated Depreciation - Building 155,000 Accounts Payable 159,000 Salary Payable Unearned Service Revenue 90,000 Capital 1 July 2019 102.000 Drawings 7,000 Service Revenue 450,000 Salary Expense 255,000 Supplies Expense 4,000 Rent Expense 25,000 Depreciation Expense - Building Miscellaneous Expense 8,000 956,000 956,000 Additional information (a) Supplies purchased on 1 June 2020 were recorded as Supplies Expense. $4,000 (b) Supplies on hand (per count at 30 June) $1,000 (c) Prepaid Rent used $9,000 (d) Building has a useful life of 25 years and zero residual value. Depreciation has not yet been recorded for the current financial year. (e) Found 2 receipts dated 1 June 2020 for unrecorded credit sales. Invoice #89 $15,000 Invoice #99 $30,000 (f) Unpaid salaries $1,000 (g) Land was purchased for Cash on the 1st June for 54 000. However, it was accidentally recorded as Dr Land 45 000 and Cr Cash 45 000. (h) At 30 June services have been provided for $5 000 of the unearned service revenue

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