Question
a) supplies available at the end of the current fiscal year total $3,300 b) cost of explored insurance for the current fiscal year is 3,800
a) supplies available at the end of the current fiscal year total $3,300
b) cost of explored insurance for the current fiscal year is 3,800
c) The annual depreciation equation is 8,400
d) June utiliteis expense of 650 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The 650 amount owed must be recorded
e) Employees have earned 1800 of accrued and unpaid or recorded at fiscal year-end is 500.
f) rent expense incurred and not yet paid or recorded at fiscal year-end is 500
g) Additional property taxes of 1000 have been assessed for this fiscal year but have not been paid or recorded at fiscal year end
h) 250 of accrued interest for June has not yet been paid or recorded.
prepare a 10 column work sheet for the current fiscal yearsstarting with the unadjusted trial balance and including adjusts using the above additional information:
2a. prepare the adjusting entries all dated June 30
2b. prepare the closing entries all dated June 30
3a. prepare the income statement for the year ended June 30
3b prepare the statement of owner's equity for the year ended june 30
3c. Prepare the classified balance sheet at June 30
cas 18,500, supplies 9,900, prepaid insurance 7,200, equipment 13200
accumulated depreciation -equipment 26250 account payable 6,800 internet payable 0, rent payable 0, wages payable 0, property taxes payable 0, long term notes payable 25000,v.Ace, capital 88660, V.Ace withdrawal 33000, construction revenue132,100, depreciation expense-equipment 0, wages expenses46 860, interest expense 2,750, Insurance expenses 0, rent expense 12,000, supplies expense 0, property taxes expenses 7800, repairs expenses 2,910, Utilities expense 5890.
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