Debit $ 8,600 14,000 Accounts Receivable 45,000 *P3-6A Sommer Graphics Company was organized on January 1, 2014, Krystal Sommer At the end of the first 6 months of operations, the trial balance contined the accounts shown below. Cash Notes Payable Accounts Payable Owner's Capital Credit $ 20,000 9,000 Equipment 2,700 Sales Revenue 22,000 Insurance Expense Salaries and Wages Expense 30,000 Service Revenue 52,100 6,000 3,700 Supplies Expense 1,900 Advertising Expense 1,500 Rent Expense 1,700 Utilities Expense $109,100 $109,100 Analysis reveals the following additional data. 1. The $3,700 balance in Supplies Expense represents supplies purchased in January At June 30, $1,500 of supplies are on hand. 2. The note payable was issued on February 1. It is a 9%, 6-month note. 3. The balance in Insurance Expense is the premium on a one-year policy, dated March 1, 2014. 4. Service revenues are credited to revenue when received. At June 30, services revenue of $1,300 are unearned. 5. Revenue for services performed but unrecorded at June 30 totals $2,000. 6. Depreciation is $2,250 per year. Instructions (a) Journalize the adjusting entries at June 30. (Assume adjustments are recorded every 6 months.) (b) Prepare an adjusted trial balance. (c) Prepare an income statement and owner's equity statement for the 6 months ended June 30 and a balance sheet at June 30.