Bank book of the company for the quarter ended 31" June 2018: Payment Receipt 50,000 1,200 4500 Opening of a bank account in the business name Purchase of a vehicle for the business Supplies Maintenance services Petty office expenses Utility bills Wages Owners personal expenses Office rent Bank charges TOTAL 300 250 14500 390 l 54500 Additional information, 1.1" April 2018, a machine was purchased for the business purpose 24,000 this was paid from the owners personal account in May 2018 2. Supplies were purchased during the quarter of 850 3. Unused supplies at 31" June 2018 totalled to 350 4. Utility bills includes a refundable deposit 20 5. Electricity bill E460 was received in July for June 2018 6. Vouches of E250 for petty office expenses were submitted during the quarter 7. Wages included supervisor salary for July 2018 which amounted to 1500 8. Bank advice of 500 dated 30 June for the bank charges was received in July 9. Maintenance service E700 has been rendered during the quarter. The amount due has not been received 10. Maintenance services against collections 1,250 will be rendered in the next quarter 11. The company adopted the policy of charging depreciation on fixed assets 20% per annum on a straight- line basis. The depreciation is to be charged for the month of the assets are available to use. Prepare a trial balance incoorpating all the adjustments Font Paragraph A maintenance service company has provided a summarise of their bank book of the company for the quarter of June 2018. Use the below information to create a journal entry and a trial balance Receipts Payments Opening of a bank account in the company name. 50,000 Purchase of a vehicle for the business 1.200 Supplies 650 Maintenance services Cash given for petty office expenses 300 Utility bills (electricity, gas, telephone etc.) 250 Wages 14 500 Owner's personal expenses Office rent for the nine months ending 31 Dec 2017 Bank charges Total 54,500 18,200 Additional Information 1 1 April 2018, machine was purchased for the business use through the owners personal account in May 24,000 2. Supplies during the quarter 850 3. Unused Supplies at the end of the quarter 350 4. Payment of utility bill included a 20 refundable deposit 5. Electricity bill of 450 for June was received in July 6 Vouchers for petty office expenses were submitted during the quarter 250 7. Wages included payment for supervisor salary for July 1500 8. Bank advice of 500 dated 30 June 2018 for bank charges was received in July 9. Maintenance services for 700 has been earned during the quarter but has not been received 10. Maintenance services against collections of t 1.250 will be rendered in the next quarter 11. The company bccepted the policy of charging depreciation on fixed assets e 20% per annum on a straight line basis. Depreciation is to be charged from the month of the assets are available for use
