The 31 May 2020 trial balance of Amy Wait, Physiotherapist, is shown below. Ignore GST.

The following transactions were completed during June.

Required

(a) Prepare journal entries to record each transaction.

(b) i. Open T accounts for the accounts shown in the trial balance.
ii. Enter the 31 May balance in each account.
iii. Post the journal entries to the T accounts.

(c) Prepare a trial balance as at 30 June 2020.

Transcribed Image Text:

Account Cash at bank Accounts receivable Supplies Prepaid insurance Furniture and equipment Accounts payable Electricity account payable Unearned revenue A. Wait, Capital A. Wait, Drawings Services revenue Salary expense Electricity expense Rent expense AMY WAIT, PHYSIOTHERAPIST Trial Balance as at 31 May 2020 Debit $105000 48 000 Credit 12300 8200 260 600 $ 9700 9500 161 200 170300 9460 24 000 $799 060 2900 314960 462 000 $799 060