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PLEASE ANSWER I, II , and III of Instructions

The following unadjusted trial balance was extracted from the general ledger of Rouge Corporation at the end of its fiscal year on June 30, 2021. Debit Credit Account $10,000 Cash Accounts Receivable 30,000 Supplies 2.000 Allowance for Doubtful Accounts $ 3,800 Office expense 5,800 Rent expense 24,200 Prepaid Insurance 8,600 Equipment 160,000 Accumulated Depreciation--Equipment 16,000 Accounts Payable 17,800 Notes Payable 120.000 Common Stock 40,000 Retained Earnings 18,000 Service Revenue 190.000 Land 106.000 Salaries and Wages Expense 63.000 Unearned Service Revenue 4,000 Totals $409.600 $409.500 At fiscal year end, the following adjusting information was either not recorded or wrong entries made to the general ledgers a. Insurance expired during the year. $2,000 e. b. Bad debts expense for the year $1,200 C. At the of every year, equipment is depreciated at 10% on original cost d. Interest on Notes Payable is 1% (APR). The Notes were issued on April 1, 2021 and mature on March 31, 2022 (1-year maturity) Rent paid in advance at June 30, 2021 amounted to $16,000 (originally charged to rent expense) f. Salaries and wages unpaid at June 30, 2021 were $4,500. g. Of the unearned service revenue, $3,000 was earned on June 30, 2021 h. Service for $10,000 was offered to clients but clients were not invoiced by June 30, 2021 i. On June 30, 2021, supplies on hand were valued at $200 j. An amount of $15,000 received from clients for work not yet done was recorded as service revenue. Instructions i) From the unadjusted trial balance and information given below it, prepare annual adjusting entries on June 30, 2021 Prepare an adjusted trial balance on June 30, 2021 Prepare necessary closing entries for nominal accounts on June 30, 2021. ii) iii)

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