Jack Thomas owns a men’s hairdressing salon which conducts business in a large shopping complex in Melbourne. Presented below are selected (incomplete) data from the three trial balances at the end of the current year, 30 June 2026. Accounts are arranged alphabetically.

During the period, adjustments were made to record haircut revenue receivable, hair care supplies expense, rent expense, advertising expense, depreciation expense and wages accrued.
Required
(a)  Prepare a worksheet in correct financial statement order, filling in the blank spaces where necessary. Note that the column totals for the trial balances are:No additional accounts are required.
(b) Prepare the income statement and balance sheet as at the date of the worksheet.

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Account Accounts payable Accumulated depreciation Advertising expense Cash at bank Depreciation expense Electricity expense Equipment J. Thomas, Capital J. Thomas, Drawings Hair care supplies Prepaid advertising Prepaid rent Unadjusted Adjusted Post-closing $10230 13360 $ 10230 $10230 8640 15960 5630 19000 53 460 53 460 16360 15200 17350 1620 24 800 Rent expense 20 400 Hair care supplies expense 32560 Haircut revenue 180540 Haircut revenue receivable 2430 4680 Wages expense 56480 Wages payable 2010