1 of 2 PAST PAPER QUESTION The end-of-year unadjusted trial balance of Berry Fashion Centre contained the following accounts at June 30, 2010, the end of the entity's fiscal year. Cash Accounts Receivable Allowance for Bad-Debts, Inventory Cr Dr $89,000 37,000 $3,500 190,000 Store Supplies 40,000 Prepaid Rent 36,000 Furniture & Fixtures 135,000 Accumulated Depreciation: Furniture & Fixtures 40,000 Computer Equipment 180,000 Accumulated Depreciation: Computer Equipment Accounts Payable 50,000 Wages Payable Interest Payable Unearned Sales Revenue, Notes Payable, Long-Term A. Berry, Capital A. Berry, Withdrawals Sales Revenue Earned Sales Discount Sales Returns & Allowances Cost of Goods Sold Wages Expense Rent Expense Utilities Expense 43,500 130,000 363,000 68,000 770,000 5,000 10,000 320,000 125,000 120,000 35,000 Depreciation Expense - Furniture & Fixtures Depreciation Expense - Equipment Store Supplies Expense Bad-Debt Expense Interest Expense Total Adjustment data at June 30, 2010 10,000 $1,400,000 $1,400,000 (5) Store supplies on hand at June 30, 2010 amounted to $8,000 (ii) Rent of $36,000 was paid on April 30, 2010 for the 3-months to July 31, 2010. (iii) The furniture and fixtures has an estimated useful life of 6 years and is being depreciated on the straight-line method down to a residue value of $15,000. (iv) The computer equipment was acquired on March 1, 2010 and is being. depreciated over 4 years on the double-declining method of depreciation, down to a residue of $10,000. (v) Wages earned by employees not yet paid amounted to $15,000 at June 30, 2010. (vi) Accrued interest expense, $9,000 (vii) Inventory on hand at June 30, 2010, $182,000 (viii) At June 30, 2010, $32,000 of the previously unearned sales revenue had been earned. (ix) The aging of the Accounts Receivable schedule at June 30, 2010 indicated that the estimated uncollectible expense is $5,500. Other data: (x) $25,000 of the notes payable is due for payment on March 31, 2011.