A maintenance service company has provided a summarise of their bank book of the company for the quarter of June 2018. Use the below information to create a journal entry and a trial balance Receipts Payments 50,000 Opening of a bank account in the company name. 1,200 Purchase of a vehicle for the business 650 Supplies 4,500 Maintenance services Cash given for petty office expenses 300 Utility bills (electricity, gas, telephone etc.) 250 14,500 Wages Owner's personal expenses 390 Office rent for the nine months ending 31 Dec 2017 900 Bank charges 10 Total 54,500 18,200 Additional Information 1" April 2018, machine was purchased for the business use through the owners personal 1. account in May 24,000 2. Supplies during the quarter 850 3. Unused Supplies at the end of the quarter 350 4. Payment of utility bill included a 20 refundable deposit 5. Electricity bill of 450 for June was received in July 6. Vouchers for petty office expenses were submitted during the quarter 250 7. Wages included payment for supervisor salary for July E1500 Bank advice of E500 dated 30 June 2018 for bank charges was received in July 9. Maintenance services for 700 has been earned during the quarter but has not been received 8. 10. Maintenance services against collections of 1,250 will be rendered in the next quarter. 11. The company accepted the policy of charging depreciation on fixed assets @ 20% per annum on a straight line basis. Depreciation is to be charged from the month of the assets are available for use. A maintenance service company has provided a summarise of their bank book of the company for the quarter of June 2018. Use the below information to create a journal entry and a trial balance Receipts Payments 50,000 Opening of a bank account in the company name. 1,200 Purchase of a vehicle for the business 650 Supplies 4,500 Maintenance services Cash given for petty office expenses 300 Utility bills (electricity, gas, telephone etc.) 250 14,500 Wages Owner's personal expenses 390 Office rent for the nine months ending 31 Dec 2017 900 Bank charges 10 Total 54,500 18,200 Additional Information 1" April 2018, machine was purchased for the business use through the owners personal 1. account in May 24,000 2. Supplies during the quarter 850 3. Unused Supplies at the end of the quarter 350 4. Payment of utility bill included a 20 refundable deposit 5. Electricity bill of 450 for June was received in July 6. Vouchers for petty office expenses were submitted during the quarter 250 7. Wages included payment for supervisor salary for July E1500 Bank advice of E500 dated 30 June 2018 for bank charges was received in July 9. Maintenance services for 700 has been earned during the quarter but has not been received 8. 10. Maintenance services against collections of 1,250 will be rendered in the next quarter. 11. The company accepted the policy of charging depreciation on fixed assets @ 20% per annum on a straight line basis. Depreciation is to be charged from the month of the assets are available for use
