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The following additional information is available at June $30,2022$:

$($i$)$Store Supplies on hand at June $30,2022$amounted to $$355,000$

$($ii$)$ Insurance of $$211,500$was paid on April $1,2022,$for $9-$months to December $2022$

$($iii$)$ Rent was prepaid on March $1,2022,$for $7-$months to September $2022.$

$($iv$)$ The furniture and fixtures have an estimated useful life of $10$years and is being depreciated on the straight$-$line method down to a residual value of $$10,000.$

$($v$)$ The motor truck was acquired on December $1,2021,$and is being depreciated

$$ over $5$years on the double$-$declining balance method of depreciation, down to

$$ a residue of $$15,000$

$($vi$)$ Salaries earned by employees not yet paid amounted to $$188,000$at June $30,2022.$

$($vii$)$ Accrued interest expense as of June $30,2022,$$$105,000.$

$($viii$)$ On June $30,2022,$$$185,000$of the previously unearned sales revenue had been earned.

$($ix$)$ The aging of the Accounts Receivable schedule at June $30,2022$indicated that the

$$ Allowance for Bad Debts should be $$140,000.$

$($x$)$ After making all other adjustments, a physical count of inventory was done, which

$$reveals that there was $$1,380,500$worth of inventory on hand at June $30,2022$

Other data:

$($xi$)$The business is expected to make principal payments totalling $$600,000$towards the

$$loan during the fiscal year to June $30,2023$

a$)$Prepare the necessary adjusting journal entries on June $30,2022.$

$[$Narrations are not required$]$

b$)$ Prepare the Adjusted Trial balance at June $30,2022.$Prepare the company$$s statement of owner$$s equity at June $30,2022$

e$)$ Prepare the company$$s classified balance sheet at June $30,2022$

$.$

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