Balance Day Adjustments at April 30th, 2020 Some of the necessary adjustments are to be found in the transactions above Other adjustments are listed below 1) All Non Current Assets (Motor Vehicle and Office Equipment) to be depreciated at 15 per annum Straight Line on cost 2) Advertising Expense was prepaid on January 1, 2020 for 6 months 3) An energy bill from Tru Energy for April $209 00 (Including GST) has not been recorded or paid yet GST is 10 (FOR QUESTION 2 GST SHOULD NOT INCLUDED) For question no 2 Advertising expense, shouldnt it be times the month from January to April So it would be x 4 months i ask for clarification as im confused abt it Prepaid Advertising On January 1st, 2020, Maxwell Fitness paid $1,650 in advance for 6 months advertising The amount paid included GST Trial Balance as at March 31st, 2020 Credit Debit 19,456 8,160 750 12,375 9,339 25,000 5,625 General Ledger Accounts Cheque Account Inventory Prepaid Advertising Accounts Receivable Accounts Payable Motor Vehicle Accumulated Depreciation on MV's Office Equipment Acc Depreciation on Office Equipment Owner's Capital GST Collected GST Paid Bank Loan ANZ Bank, City Branch PAYG Withholding Payable Wages Payable Accrued Energy Bill TRU Energy 12,000 3,200 40,131 1,125 849 18,400 90 510 170 $78,590 $78,590

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Balance Day Adjustments at April 30th, 2020. Some of the necessary adjustments are to be found in the transactions above. Other adjustments are listed below:

Balance Day Adjustments at April 30th, 2020.

Some of the necessary adjustments are to be found in the transactions above. Other adjustments are listed below:

1) All Non-Current Assets (Motor Vehicle and Office Equipment) to be depreciated at 15% per annum Straight Line on cost.

2) Advertising Expense was prepaid on January 1, 2020 for 6 months.

3) An energy bill from Tru Energy for April $209.00 (Including GST) has not been recorded or paid yet.

***GST is 10%

(FOR QUESTION 2 GST SHOULD NOT INCLUDED)

For question no 2. Advertising expense, shouldnt it be times the month from January to April? So it would be x 4 months??? i ask for clarification as im confused abt it

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Prepaid Advertising: On January 1st, 2020, Maxwell Fitness paid $1,650 in advance for 6 months advertising. The amount paid included GST. Trial Balance as at March 31st, 2020. Credit Debit 19,456 8,160 750 12,375 9,339 25,000 5,625 General Ledger Accounts Cheque Account Inventory Prepaid Advertising Accounts Receivable Accounts Payable Motor Vehicle Accumulated Depreciation on MV's. Office Equipment Acc. Depreciation on Office Equipment Owner's Capital GST Collected GST Paid Bank Loan - ANZ Bank, City Branch PAYG Withholding Payable Wages Payable Accrued Energy Bill TRU Energy 12,000 3,200 40,131 1,125 849 18,400 90 510 170 $78,590 $78,590