The following unadjusted trial balance was taken from the ledger of Heather’s H.R. Services on 30 June 2025.

Required

(a) Prepare a 10-column worksheet using the following additional information on 30 June 2025.
i. Accrued wages, \($18\) 000.
ii. Expired insurance, \($16\) 000.
iii. Depreciation on equipment, \($60\) 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 Heather Harris, capital Heather Harris, drawings Service revenue Wages expense Electricity expense Sundry expense Debit Credit $ 80.000 74000 24000 230000 $ 60.000 64000 204000 50000 340000 130000 54000 26000 $668000 $668 000