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Based on the trial balance below, calculate ending yoga's Capital balance as at 30 June 2022. yogaS YOGA CLASS Trial Balance As of 30 June
Based on the trial balance below, calculate ending yoga's Capital balance as at 30 June 2022.
yogaS YOGA CLASS | ||
---|---|---|
Trial Balance | ||
As of 30 June 2022 | ||
Debit | Credit | |
Cash at bank | $79,000 | |
Accounts receivable | $15,250 | |
Accounts payable | $7,250 | |
Wages payable | $7,000 | |
Loan payable | $30,000 | |
yoga, Capital | $30,000 | |
yoga, Drawings | $20,000 | |
Service revenue | $150,050 | |
Adverting expense | $12,020 | |
Interest expense | $1,320 | |
Utility expense | $16,710 | |
Wages expense | $80,000 | |
$224,300 | $224,300 |
yogaS YOGA CLASS | ||
---|---|---|
Statement of Changes in Equity | ||
For the year ended 30 June 2022 | ||
Balance at 1 July 2021 | ? | |
Add: Additional contribution | ? | |
Add: Profit for the year | ? | |
Less: Drawings | ? | |
Net Increase or decrease during the year | ? | |
Balance at 30 June 2022 | ? |
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