Arial BIU-u-la-A-LE Paste E . Merge & G Font Clipboard Alignment A1 x fe DEF QUESTION 1 [21 MARKS] The trial balance of ABC Enterprise as at 30 June 20X0 is as follows: Initialtrail balance Account Account Debit Credit Cash 4.730 Accounts Receivable 16.610 Prepaid Renk 2.530 Supplies 1100 Equipment 33.650 Accumulated Desteslation 4.290 Accounts Payable 7.040 Salary Payable Uneanned Service Revenge 10.7801 Orne beginning capital Owne drawings Service Revenue 119 030 Salary Expense 3.3001 Rent Expense Depression Expanse Supplied Expense 25.300 BE8889888888888888 Total 66.440 66440 550 Adjustment data provided as at 30 June 20x0 a Unearned service revenue still une ained b. Prepaid Rent still in force c Supplies used during the period d Depreciation for the period e Accrued Salary expense 2.200 880 440 660 Instructions Question 1 Question 2 N] O 90W LE BIU- Paste Merge &c - Alignment Clipboard G Font R129 SEX fo C D E F I Part E: Prepare the journal entries for the closing entries (2.5 marks Debit Credit Tabout sales Debit Credit 2) about expenses 31 about transfer of income summary Debit Credit 4) about drawings Debit Credit Part F: Prepare the balance sheet (3.25 marks) ABC Balance Sheet as at 30 June 20X0 Current Assets Instructions Question 1 Question 2 Ready 2ND @ w X C D E Part 5: Prepare the balance sheet (3.25 marks) ABC Balance Sheet as at 30 June 20XO Current Assets Total Current Assets Non Current Assets Total Non Current Assets Total Assets Current Liabilities Total Liabilities Net Assets Equity Instructions Question 1 Question 2 Ready R129 C D E F G Net Assets Equity A 89.9388980 Part G: Prepare the statement of changes in equity (0.75 mark) ABC For petiod ending 30 June 20X0 Owner, beginning capital add profit for the period 243 244 245 Owner, drawings Owner, closing ospital 247 248 9& Instructions Question 1 Question 2 a N 09 Ewig xl