Chris Bones is a medical consultant who provides services to hospitals and private patients for fees. From the account balances shown in figure 9.60, next to each account name write the abbreviation for the account/

statement and classification. Then use this information to:

• prepare general journals to close the relevant accounts

• post the journals to the general ledger

• prepare an income statement

• prepare a balance sheet.

Transcribed Image Text:

Trial Balance of Chris Bones as at 30 June 2022 Bank Accounts Receivable Control GST Receivable Office Equipment Imaging Machine Accounts Payable Control GST Payable Bank Loan Capital Drawings Private Patient Fees Hospital Fees Electricity Expense Telephone Expense Interest Expense 137 500 21 300 5 850 10 300 133 750 325 000 26 500 22 400 4 600 687 200 3 150 1000 39 000 115 550 285 000 243 500 687 200