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Below is information for Rico Consulting Services at the financial year ended 30 June 2020: 1. Prepaid rent expired during the year was $3,000. 2.
Below is information for Rico Consulting Services at the financial year ended 30 June 2020: 1. Prepaid rent expired during the year was $3,000. 2. A new motor vehicle was purchased on 1 November 2019 for $20,000 with a residual value of $5,000 and 5 years useful life. Company uses straight-line depreciation method. 3. Interest of $2,000 on loan is due but has not been paid or recorded. 4. Company has unearned service revenue of $8,000 out of which 30% service was performed. 5. Company had 2 staff members work on a part-time basis, each worked 3 days in June 2020. Each staff member receives $250 per day Vages for those 2 staff members remains unpaid and unrecorded. 6. Company provided service to customers for $3,000 on credit. This transaction was not recorded. Required: Record adjusting entries for the above additional information at 30 June 2020
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