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The ledger of Edwards Consultants on 30 June 2021 includes the following selected accounts before adjusting entries have been prepared: Debit $ Credit $ 20700 Prepaid insurance Office supplies Equipment 13200 82800 Bank loan 135000 Revenue received in advance 58000 Service revenue 475000 Wages expense 87250 An analysis of the accounts shows the following adjustments that need to be made: a) The equipment bought on 1 June 2021 depreciates over 6 years. b) $28560 worth of services were performed during June in relation to $58000 of revenue received in advance. C Interest of $1240 is accrued on the bank loan. d) Office supplies on hand as at 30 June 2021 total $8150. The 12-months insurance policy was purchased on 1 June 2021. Required Select the correct entries from the drop-down list to prepare the adjusting entries at 30 June 2021. The debit and credit amounts must be typed typing the amounts. NO decimals. Narrations are NOT required. (Total 20 Marks) a) The adjusting entry for recording transaction () on 30 June 2021 is: e) Debit Credit $ b) The adjusting entry for recording transaction (b) on 30 June 2021 is: Debit Credit $ c) The adjusting entry for recording transaction () on 30 June 2021 is: Debit $ Credit $ d) The adjusting entry for recording transaction (d) on 30 June 2021 is: Debit $ Credit $ e) The adjusting entry for recording transaction (e) on 30 June 2021 is: Debit Credit $

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