Consider the unadjusted trial balance of EASY LEASE SERVICES at 30 June 2021 and related month-end adjustment data: EASY LEASE SERVICES Preparation of adjusted trial balance as at 30 June 2021 Trial balance Adjustments Adjusted Trail balance Account title Debit Credit Debit Credit Debit Credit Cash $ 6 900 Accounts receivable 1 100 Prepaid rent 3 500 Supplies 1 100 Buildings 77 000 Accumulated depreciation $ 3 400 Accounts payable 3 300 Salary payable Mr Lessor, capital 1 July 2020 80 000 Mr Lessor, drawings 4 400 Service revenue 9 600 Salary expense 1 500 Rent expense Fuel expense 800 Depreciation expense - Buildings Supplies expense Total $ 96 300 $ 96 300 Adjustment data at 30 June follows: Accrued service revenue at 30 June, $1 500 One-fifth of the prepaid rent expired during the month. Supplies on hand at 30 June, $700 Depreciation on buildings for the month, $1 400 Accrued salary expense at 30 June for one day only. The five-day weekly payroll is $1 500. Required Complete the General Journal entries (narrations not required) for the: Balance day Adjustments on the 30th June 2021(5 marks) Adjusted trial balance 30th June 2021 (9 marks) Closing entries on the 30th June 2021(6 marks) Prepare the income statement and the classified balance sheet as at 30th June 2021(10 marks)

Page 1: Consider the unadjusted trial balance of EASY LEASE SERVICES at 30 June 2021 and related month-end adjustment data 1 EASY LEASE SERVICES Preparation of adjusted trial balance as at 30 June 2021 Page 2: Trial balance Adjustments Adjusted Trail balance IN Credit Debit Credit Debit Credit Page 3: Debit $ 6 900 1 100 3 500 1 100 77 000 iw $ 3400 3 300 Page 4: Account title Cash Accounts receivable Prepaid rent Supplies Buildings Accumulated depreciation Accounts payable Salary payable Mr Lessor, capital 1 July 2020 Mr Lessor, drawings Service revenue Salary expense Rent expense Fuel expense Depreciation expense - Buildings Supplies expense 4 80 000 4 4.400 9 600 Page 5: 1 500 5 800 Total $ 96 300 $ 96 300 DI 4400 Page 1: 9 600 1 500 1 Mr Lessor, drawings Service revenue Salary expense Rent expense Fuel expense Depreciation expense - Buildings Supplies expense 800 Page 2: 2 Total $ 96 300 $ 96 300 Page 3: 3 Adjustment data at 30 June follows: a. Accrued service revenue at 30 June. $1 500 b. One-fifth of the prepaid rent expired during the month. Supplies on hand at 30 June, $700 c. Depreciation on buildings for the month, $1 400 d. Accrued salary expense at 30 June for one day only. The five-day weekly payroll is $1 500. i Page 4: 4. 4 Required 1. Complete the General Journal entries (narrations not required) for the: i. Balance day Adjustments on the 30th June 2021(5 marks) ii. Adjusted trial balance 30th June 2021 (9 marks) iii. Closing entries on the 30th June 2021(6 marks) 2. Prepare the income statement and the classified balance sheet as at 30th June 2021(10 marks) Page 5: 5 Paragraph B I U , + ... Lato (Recom 19px.. L EQ a 0 c O 0