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ACCOUNT NAME 1 June Opening Balances Cash $ 7 0 , 7 8 5 Accounts Receivable 2 5 , 7 4 0 Allowance for doubtful
ACCOUNT NAME
June Opening Balances
Cash
$
Accounts Receivable
Allowance for doubtful debts
Inventory
Office Supplies
Prepaid General Insurance
GST Paid
Equipment
Machinery
Truck
Land
Accounts Payable
GST Collected
Share Capital
Discount received
Repairs and maintenance
Purchases
Purchases returns & allowances
Salaries expense
Sales
Sales returns & allowances
Electricity expense
Telephone expense
Office expenses
Discount allowed
c Prepare general journal entries to record the following information.
Office supplies on hand at June total $
The oneyear general insurance policy expires on October
Equipment has a useful life of years with no residual value. Store furniture and printer have useful life of years with no residual value. Scallion Ltd uses straightline depreciation for these assets. Round all depreciation amounts upwards to nearest whole $
Commission revenue of $ has accrued during June
Inventory at June is $
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