A review of Circe Ltds general ledger and source documents revealed the following additional information for your consideration:

i) The $2,200 of Accounts Receivable does not include $200 of boarding services provided in July, but not yet billed, and $100 of boarding services committed by contract to be rendered in August.

ii) The $1,800 of Office Supplies represents the balance available on 1 July 2020. The $600 of Offices Supplies Expense was for a purchase of office supplies in July. On 31 July, it was estimated that $800 of office supplies remained on hand.

iii) In May 2020, Circe Ltd purchased a 12 month insurance policy, effective the beginning of that month.

iv) The Office Equipment is depreciated at an annual rate of 20% on cost.

v) The Building has been depreciated for one year and eight months as of 1 July 2020.

vi) The Accounts Payable and Other Expenses balances do not include $1,200 of July expenses for which invoices were not received until the beginning of August.

vii) The Unearned Revenue of $6,000 represents customer prepayments for contracts to be performed equally over a five-month period. The July contract was performed but Unearned Revenue and Service Revenue were not adjusted.

viii) The Loan Payable is due two years from now. It carries a 6% annual interest rate, with interest only payments due every three months. The last three-month payment took place the end of May.

ix) The Salaries Expense reflects 20 days of paid work during July. As at 31 July, employees had worked an additional three days that would be paid on the next payroll date in August. The General Ledger includes a Salaries Payable account.

x) You may assume that all balances of all accounts were adjusted and correct at the end of the previous accounting period.

1. Prepare the current asset section of Circe Ltd's Balance Sheet.

2. Prepare the non-current asset section of Circe Ltd's Balance Sheet using the format required in this course.

3. Prepare the liability section of Circe Ltd's Balance Sheet using the format required in this course.

4. Prepare the equity section of Circe Ltd's Balance Sheet using the format required in this course. (Hint: Calculate the ending balance of Retained Earnings as a residual plug/balancing figure.)

The following information relates to the financial statements portion (questions 7-11 inclusive) of the test. Circe Ltd, a cattery with premises city-wide, prepares monthly financial statements. Its unadjusted trial balance as at 31 July 2020 appears below. Circe Ltd Unadjusted Trial Balance 31 July 2020 Debit Credit Cash $ 6,000 Accounts Receivable 2,200 Office Supplies 1,800 Prepaid Insurance 1,500 Building 200,000 Land 800,000 Office Equipment 15,000 Accumulated Depreciation Office Equipment $ 4,000 Accumulated Depreciation--Building 20,000 Accounts Payable 3,300 Unearned Revenue 6,000 Interest Payable 1,000 Loan Payable 200,000 Share Capital 420,000 Retained Earnings 330,400 Dividends 2,500 Boarding Service Revenue 59,300 Other Expenses 10,000 Office Supplies Expense 600 Salaries Expense 4,400 Totals $1,044,000 $1,044,000 A review of Circe Ltd's general ledger and source documents revealed the following additional information for your consideration: The following information relates to the financial statements portion (questions 7-11 inclusive) of the test. Circe Ltd, a cattery with premises city-wide, prepares monthly financial statements. Its unadjusted trial balance as at 31 July 2020 appears below. Circe Ltd Unadjusted Trial Balance 31 July 2020 Debit Credit Cash $ 6,000 Accounts Receivable 2,200 Office Supplies 1,800 Prepaid Insurance 1,500 Building 200,000 Land 800,000 Office Equipment 15,000 Accumulated Depreciation Office Equipment $ 4,000 Accumulated Depreciation--Building 20,000 Accounts Payable 3,300 Unearned Revenue 6,000 Interest Payable 1,000 Loan Payable 200,000 Share Capital 420,000 Retained Earnings 330,400 Dividends 2,500 Boarding Service Revenue 59,300 Other Expenses 10,000 Office Supplies Expense 600 Salaries Expense 4,400 Totals $1,044,000 $1,044,000 A review of Circe Ltd's general ledger and source documents revealed the following additional information for your consideration