Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1) provide adjusting and closing entries in the general journal 2)prepare income statement for the year ended on 30 june 2019 3)prepare a statement of
1) provide adjusting and closing entries in the general journal 2)prepare income statement for the year ended on 30 june 2019 3)prepare a statement of changes for tgr year ended 30 june 2019 4) prepare a balance sheet as at 30 june 2019 Hamal, Ant Oursel The following unadjusted trial balance is taken from the ledger of Tim's Top Business Services on 30 June 2019, nting Final Exam Account Debit Credit o o $60 000 73 000 O 24 000 O 200 000 Cash at bank Accounts receivable Prepaid insurance Equipment Accumulated depreciation - equipment Accounts payable Tim Wang, Capital 530 000 62 000 183 000 10 000 Tim Wang, Drawings 300 000 O Service revenue 0 130 000 Wages expense O 52 000 Electricity expense O 26 000 o Sundry expense HIDE Hamal, Ankit O ered Time Hemaining Show und Tim Wang, capita 185 UUU Tim Wang, Drawings 10 000 Service revenue 300 000 Wages expense 130 000 Electricity expense 52 000 Sundry expense 26 000 $575 000 $575 000 Additional information is also available on 30 June 2019: Accrued wages, S20 000. Expired insurance, S14 000, Depreciation on equipment, S60 000 026-1 (1) Provide adjusting and closing Journal entries in the general Journal: (10 Marks)
1) provide adjusting and closing entries in the general journal
2)prepare income statement for the year ended on 30 june 2019
3)prepare a statement of changes for tgr year ended 30 june 2019
4) prepare a balance sheet as at 30 june 2019
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started