The unadjusted trial balance of Helena’s Hire Cars is shown below (ignore GST).

Additional information 1. Petrol purchased on credit for $680 and used during the last week in June has not been paid for or recorded.
2. A physical count showed office supplies totalling $340 were still on hand at 30 June.
3. Depreciation for 1 year on the hire cars is $12 400. Depreciation on the office equipment is $980.
4. The balance in the Advertising Expense account includes $600 prepayment for an advertising campaign beginning in July.
5. The balance in the Unearned Hire Fees account includes $1800 received in May for hire services completed in June.
6. The June insurance premium of $700 is overdue and has not been recorded. A tax invoice has not been received.
7. Wages earned but not paid amounted to $1150.
Required

(a) Prepare a 10‐column worksheet for the year ended 30 June 2019.

(b) Prepare the income statement for the business for the year ended 30 June 2019.

(c) Prepare a statement of changes in equity for the year ended 30 June 2019.

(d) Prepare a balance sheet as at 30 June 2019.

Transcribed Image Text:

HELENA'S HIRE CARS Unadjusted Trial Balance as at 30 June 2019 Account Cash at bank Accounts receivable Office supplies Hire cars Accumulated depreciation - hire cars Office equipment Accumulated depreciation Accounts payable Unearned hire fees H. Savva, Capital H. Savva, Drawings Hire fees revenue Insurance expense Wages expense Advertising expense Maintenance expense Fuel and oil expense - office equipment Debit $ 8140 12860 640 93 600 6200 Credit $ 39400 3500 10800 2260 68340 20 600 8180 50 620 3880 7 600 10 680 $223 000 98 700 $223000