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1) find the closing balances to all ledgers from the information provided The business has the following opening balances: Hair Styling Supplies Hair Styling Equipment
1) find the closing balances to all ledgers from the information provided
The business has the following opening balances: Hair Styling Supplies Hair Styling Equipment Bank Loan (due 2022) Account Payable Motor Vehicle Account Receivable Cash At Bank Additional Information: $836 S16,475 $27,567 Closing stock of hair styling supplies on 30/6 (S) Hair styling equipment scrap value (S) 658 3,566 S9,128Hair styling equipment useful life (years) S36,294Rent paid for (months) S20,003 Insurance paid for (months) S11,173Motor vehicle scrap value (S) 5,273 Motor vehicle useful life (years) Bank loan interest rates% per year)
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