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Pina Colada Corp. was organized on January 1, 2022, by Krystal Sommer. At the end of the first 6 months of operations, the unadjusted trial balance contained the accounts shown below. Cash Accounts Receivable Equipment Insurance Expense Salaries and Wages Expense Supplies Expense Advertising Expense Rent Expense Utilities Expense Debits $9,116 14,840 47,700 2,862 31,800 3,922 2,014 1.590 1,802 $115,646 Notes Payable Accounts Payable Common Stock Rent Revenue Service Revenue Credits $21.200 9,540 23,320 55,226 6,360 $115,646 1. Analysis reveals the following additional data. The $3,922 balance in Supplies Expense represents supplies purchased in January. At June 30, $1.590 of supplies are on hand. The note payable was issued on February 1. It is a 9%, 6-month note. Interest is paid when the note matures. The balance in Insurance Expense is the premium on a 1-year policy, dated March 1, 2022. Service Revenue is credited when cash is received from customers. At June 30, services revenue of $1,378 remains unearned Revenue for services performed but unrecorded at June 30 totals $2.120. Depreciation is $2,398 per year. 2. 3. 4. 5. 6. Journalize the adjusting entries at June 30. Assume adjustments are recorded every 6 months.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1 June 30 2 June 30 3. June 30 4. June 30 5. June 30 6. June 30 Pina Colada Corp. Adjusted Trial Balance Debit Credit $ Prepare an income statement for the 6 months ended June 30. Pina Colada Corp. Income Statement Prepare a retained earnings statement for the 6 months ended June 30. Pina Colada Corp. Retained Earnings Statement Prepare a balance sheet at June 30. (List Assets in order of liquidity.) Pina Colada Corp. Balance Sheet Assets $ $ Liabilities and Stockholders' Equity

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