The following unadjusted trial balance was taken from the ledger of Miranda’s Management Services on 30 June 2019.

Required

(a) Prepare a 10‐column worksheet using the following additional information on 30 June 2019.
i. Accrued wages, $18 000 iii. Depreciation on equipment, $60 000 ii. Expired insurance, $16 000

(b) Prepare an income statement, a statement of changes in equity and a balance sheet.

(c) Record the adjusting and closing entries in the general journal.

Transcribed Image Text:

Account Cash at bank Accounts receivable Prepaid insurance Equipment Accumulated depreciation - equipment Accounts payable Miranda Pike, Capital Miranda Pike, Drawings Service revenue Wages expense Electricity expense Sundry expense Debit $ 80000 74 000 24 000 230 000 Credit 50 000 $ 60000 64000 204000 340 000 130 000 54 000 26000 $668 000 $ 668000