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ACC/ACF1100 Assignment #: 810 Proprietor: Dr. Furball Fixer Name: Best Friends Vet Clinic Description: Animal Surgery The business has the following opening balances: Cash

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ACC/ACF1100 Assignment #: 810 Proprietor: Dr. Furball Fixer Name: Best Friends Vet Clinic Description: Animal Surgery The business has the following opening balances: Cash Al Bunk Account Receivable Motor Vehicle Account Payable Bank Loan (due 2022) Medical Equipment Office Supplies Medical Supplies Capital Transactions: $8,037 $24,853 $35,992 $684 $1,539 ? $18,078 Additional Information: Bank loan interest rales (% per year) $15,510 Motor vehicle useful life (years) $38,102 Insurance paid for (months) Motor vehicle serap value (S) Kent paid for (months) Medical equipment useful life (years) Medical equipment scrap value (S) Closing stock of office supplies on 30/6 ($) Closing stock of medical supplies on 306 (8) 9 4 2,908 3 2,250 502 1,997 Staff work a 14 day fortnight and are paid on the 15th day. Date Description Amount Date Description Amount 1-Jun Paid General Insurance $2,001 1-Jun Pet consultation - Account $1,463 3-Jun Rent of Business Premises $3,534 5-Jun Advertising Expense - Account $1,146 3-Jun Receive Payment from Account Customers 6-Jun Desexing - Cash $1,698 $2.385 8-Jun Cash Withdrawals by Owner $841 11-Jun Pet consultation - Cash $1,501 9-Jun Receive Payment from Account Customers 14-Jun Purchase office supplies - Account $1,077 $963 15-Jun Vaccination - Account $806 15-Jun Staff Wages $2.942 17-Jun Vaccination - Account $1.143 17-Jun Motor Vehicle Expenses $238 21-Jun Pel consultation - Cash $1.902 21-Jun Purchase medical supplies - Account $652 22-Jun Payment to Account Payable $671 22-Jun Vaccination - Cashi $1,480 23-Jun Payment to Account Payable $1,301 24-Jun Vaccination - Cash $1,252 24-Jun Pct consultation - Account $1,336 24-Jun Additional cash contributed by owner $3,866 25-Jun Desexing - Cash 26-Jun Sundry Expenses $2,260 25-Jun Purchase medical supplies - Cash $316 $381 29-Jun Advertising Expense - Cash $792 29-Jun Stuff Wages Comments: $2.942 -Assume that this assignment involves an existing business that was purchased by the new owner on 1 June 2019. -Note the list of transactions is in date order. left to right, line by line. -Ise three separate ledger accounts for reveme, namely pet consultation, vaccination and desexing fees. All revenues relate to the month of June -Transactions involve cash unless specified as "Account". - Record payments for rent and insurance in prepaid accounts initially. -Information relevant to complete adjusting entries can be found in the top right section of this page. -The periods to which the rent and insurance apply commence on 1 June. - Round your calculations to the nearest dollar.

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