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Can I have answer for question 1? Thank you so much. Question1 60 marks Hana Kim owns True & Reliable, which provides employment placement services.
Can I have answer for question 1?
Thank you so much.
Question1 60 marks Hana Kim owns True & Reliable, which provides employment placement services. The unadjusted trial balance on 30 June 2016 below was prepared by her accountant. (Ignore GST) The following additional information is available at 30 June: 1. Unused supplies on hand on 30 June totalled $180. 2. The Unearned Fees account includes $825 received for fees earned during June. 3. Estimated depreciation on the office equipment is $3500. 4. Advertising costing $1350 was consumed during the year. TRUE & RELIABLE Unadjusted Trial Balance as at 30 June 2016 Account Cash at bank Accounts receivable GST receivable Prepaid advertising Office supplies Office equipment Accumulated depreciation - office equipment Accounts payable Unearned fees GST payable H Kim, Capital H Kim, Drawings Placement fees revenue Rent expense Salaries expense Telephone expense Debit $ 4 560 14 230 1 470 2 120 750 18 620 Credit $ 2 280 11 670 2 580 3 220 14 240 16 000 100 620 12 240 62 500 2 120 $134 610 $134 610 Required A. Prepare a 10-column worksheet for the year ended 30 June 2016. marks 20 B. Provide journals of the adjusting entries. marks 10 C. Prepare an income statement for the year ended 30 June 2016. marks 10 D. 6 Prepare a statement of changes in equity for the year ended 30 June 2016. marks E. Prepare a balance sheet as at 30 June 2016 in vertical format. marks 14Step by Step Solution
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