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/201 7%20week% 208 %20AMD%20In%20class % 2 pdf latrobe.edu.au/pluginfile.php/3492282/mod PSA3,10 Willard Cleaning Ltd began operations on 1 April 2017. During April the following transactions were completed

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/201 7%20week% 208 %20AMD%20In%20class % 2 pdf latrobe.edu.au/pluginfile.php/3492282/mod PSA3,10 Willard Cleaning Ltd began operations on 1 April 2017. During April the following transactions were completed Issued $)7 500 shares for cash. Purchaved used truck for $22 soo, paying 512 s0o cash and the balance on account Purchased cleaning supplies for $4875 on account Paid $5820 cash on t-year imurance policy effective 1 April 1 14 Ivoiced cuitomers 5685o for cleaning services 2 Paid $t0 000 cash of amount owed on truck and $2125 of amount owed on cleaning supplies. 2 Paild $3400 cash for employee salanies 23 Collected 53250 cash from customers invoiced on 14 April 25 Paid petrol and ail for month on truck 5412 30 Paid $600 cath dividend The chart of accounts for Cortex Cleaning Ltd contains the following accounts and account numbers: 100 cash, "O Accounts Receivable, 120 Ceaning Supplies, 30 Prepaid insurance, ,71 Motor Vehicles, 172 Accumulated Depreciation-Motor Vehicles, 200 Accounts Payable, 210 Salaries Payable, 300 Share Capital, 330 Retained Earnings, 315 Dividends, 320 Profit or Loss Summary, 40o Service Revenue, 50o Petrol and Oil Expense, 510 Cleaning Supplies Expense, 520 Depreciation Expense, 530 Insurance Expense, and 540 Sallaries Expense a Journalise the April transactions. b. Post to the ledger accounts (use T accounts). c. Prepare a trial balance as at 30 April d. yournalise the following adjustments L. Services provided but not invoiced and uncollected at yo April were 51150 2. Depreciation on the truck for the monch was $375 3 One-twelfth of the insurance expired 4 An inventory count shows 5750 of cleaning supplies on hand at so April s. Unpaid employee salaries were $1300. e. Post adjusting entries to the T accounts prepared in part (b). . Prepace an adjusted trial balance t Prepare the statement of profit or loss and a calculation of ret anned earnings for Apr4, and o"nancial position as at 30 April h. Journalise and pot closing entries and complete the closing process, as if were the of Prepare a post-closing trial balance at 30 Ape ormation in this problem starting a part (e, prepare a worksheet using 3

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