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6 Cariyan Optics is a small business supplying eye protection equipment for the construction, welding and engineering industries. The owner of the business is Loralie
6 Cariyan Optics is a small business supplying eye protection equipment for the construction, welding and engineering industries. The owner of the business is Loralie Carlyon, a former welder who lost an eye due to an industrial accident. She operates this business to make sure all people who work in dangerous occupations have excellent protection for their eyes. The following is a list of her accounts as at June 30, 2024 after adjusting entries have been made. The one figure missing is the correct Drawings amount. Her accountant is unable to complete his work, and Loralie has asked if you can help. Accounts Balances (5) Accounts Balanc (3) Cash 8955 Sales 1 37500 Cost of Goods Sold 176400 Loan-ACBA Bank 27000 Advertising 2900 Stationery Expense 444 Accumulated Depreciation-Car 16400 Inventory 71230 Accounts Payable 23000 Insurance Expense 3780 Capital 70000 Wages 13300 Prepaid Insurance 3380 Motor Vehicle 36700 Internet and Phone Expenses 5600 Utilities Expense 6655 Accrued Wages 2340 Interest Expense 2680 Rent Expense 18000 Depreciation Expense Car 4220 Required: a. Prepare a Classified Balance Sheet for Carylon optics as at 30 June 2024
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