arks Profiles Tab Window Help an Trial Mid-trimester Exam (0%) > Course: ACC101 Introduction x in Grades: View iz/attempt.php?attempt=604774&cmid=153471&page=1 demic KOI Student Teachers' Contact endar Website Portal List w Administration Contact List Pr on 2 r saved Question 2: Financial statements The adjusted trial balance provided below is for "Daisy Wheel" as at 30 June 2012 aded on Daisy Wheel Adjusted Trial Balance As at 30 June 2012 Debits Credits $ $ Accounts Payable 26,900 31,000 Accounts Receivable Accumulated Depreciation Capital 10,000 200,000 Cash at Bank 20,000 10,000 Depreciation Expense Drawings 40,000 25,000 Insurance Expense Interest Expense 15,000 Interest Revenue 4,200 Inventory 136,000 Land 234,000 Mortgage Loan 162,000 Profiles Tab Window Help 3: ACC101 Introduction X in Grades: View in Trial Mid-trimester Exam (0%) X empt.php?attempt=604774&cmid=153471&page=1 Teachers' Contact Website Student Portal Administration Contact List we Pri List Motor Vehicles 110,000 Prepaid Insurance 6,500 Rent Expense 19,200 Sales Revenue 251,000 24,800 Salaries Expense Supplies Expense Unearned Revenue 4,400 21,800 TOTALS 675,900 675,900 Required: 1. Prepare an Income Statement for Daisy Wheel for the financial year ended 30 June 2012 2. Prepare a Statement of Changes in Equity for Daisy Wheel for the financial year ended 30 June 2012 3. Prepare a classified Balance Sheet for Daisy Wheel in the narrative format as at 30 June 2012 Av US X3 x? Course: ACC101 Introduction x in Grades: View iz/attempt.php?attempt=604774&cmid=153471&page=1 demic KOI Student Teachers' Contact endar Website Portal List w Administration Contact List Pr on 2 r saved Question 2: Financial statements The adjusted trial balance provided below is for "Daisy Wheel" as at 30 June 2012 aded on Daisy Wheel Adjusted Trial Balance As at 30 June 2012 Debits Credits $ $ Accounts Payable 26,900 31,000 Accounts Receivable Accumulated Depreciation Capital 10,000 200,000 Cash at Bank 20,000 10,000 Depreciation Expense Drawings 40,000 25,000 Insurance Expense Interest Expense 15,000 Interest Revenue 4,200 Inventory 136,000 Land 234,000 Mortgage Loan 162,000 Profiles Tab Window Help 3: ACC101 Introduction X in Grades: View in Trial Mid-trimester Exam (0%) X empt.php?attempt=604774&cmid=153471&page=1 Teachers' Contact Website Student Portal Administration Contact List we Pri List Motor Vehicles 110,000 Prepaid Insurance 6,500 Rent Expense 19,200 Sales Revenue 251,000 24,800 Salaries Expense Supplies Expense Unearned Revenue 4,400 21,800 TOTALS 675,900 675,900 Required: 1. Prepare an Income Statement for Daisy Wheel for the financial year ended 30 June 2012 2. Prepare a Statement of Changes in Equity for Daisy Wheel for the financial year ended 30 June 2012 3. Prepare a classified Balance Sheet for Daisy Wheel in the narrative format as at 30 June 2012 Av US X3 x?
