At the end of July, Tony took a complete inventory of his supplies and found the following:
5 dozen 1„4€ screws at a cost of $8 a dozen 2 dozen 1„2€ screws at a cost of $5 a dozen 2 cartons of computer inventory paper at a cost of $14 a carton 3 metres of coaxial cable at a cost of $4 per metre
After speaking to his accountant, he found that a reasonable amortization amount for each of his long-term assets is as follows:

Tony uses the straight-line method of amortization and declares no salvage value for any of the assets. If any long-term asset is purchased in the first 15 days of the month, he will charge amortization for the full month. If an asset is purchased on the 16th of the month, or later, he will not charge amortization in the month it was purchased.
July€™s rent has now expired.
Use your trial balance from the completed problem in Chapter 3 and the above adjusting information to complete the worksheet for the three months ended July 31, 2013. From the worksheets, prepare the financial statements. (See pages 4-16 to 4-19 in your Study Guide with Working Papers.)

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Computer purchased May 6, 2013 Office equipment purchased Amortization $33 a month Amortization $10 a month Amortization $20 a month May 16, 2013, 2010 Computer workstations purchased July 17, 2013