Consulting Fees Revenue (a) Por L Summary 88150 (2) Accounts receivable 4400 88 150 Salaries Expense 31 520 (b) Por L Summary 1180 (6) Cash at bank (13) Salaries payable 5500 32700 32700 32700 5503 Electricity Expense 3 600 (b) Por L Summary (8) Cash at bank 3600 5504 Advertising Expense (7) Accounts payable 3 360 (b) Por L Summary 3360 5505 Depreciation Expense - Furniture and Equipment (12) Accum. depreciation 4600 (b) Por L Summary 4600 5512 Rent Expense 14585 | (b) Por L Summary (14) Prepaid rent 14585 5513 Office Supplies Expense (11) Office supplies 1360 (b) Por L Summary 1360 Required (a) Prepare a 10-column worksheet for the year ended 30 June 2020. (b) Prepare a Statement of Profit or Loss for the year ended 30 June 2020. (c) Prepare a Statement of Changes in Equity for the year ended 30 June 2020. (d) Prepare a Statement of Financial Position as at 30 June 2020. (e) Make any necessary adjusting and closing entries for 30 June 2020 (f) Make any suitable reversing entries on 1 July 2020. (9) Prepare a post-closing trial balance as at 30 June 2020. (h) Do you think Payneham Professional Services is in good financial position? Analyse and explain (500 words) -Section Break (Next Page) Consulting Fees Revenue (a) Por L Summary 88150 (2) Accounts receivable 4400 88 150 Salaries Expense 31 520 (b) Por L Summary 1180 (6) Cash at bank (13) Salaries payable 5500 32700 32700 32700 5503 Electricity Expense 3 600 (b) Por L Summary (8) Cash at bank 3600 5504 Advertising Expense (7) Accounts payable 3 360 (b) Por L Summary 3360 5505 Depreciation Expense - Furniture and Equipment (12) Accum. depreciation 4600 (b) Por L Summary 4600 5512 Rent Expense 14585 | (b) Por L Summary (14) Prepaid rent 14585 5513 Office Supplies Expense (11) Office supplies 1360 (b) Por L Summary 1360 Required (a) Prepare a 10-column worksheet for the year ended 30 June 2020. (b) Prepare a Statement of Profit or Loss for the year ended 30 June 2020. (c) Prepare a Statement of Changes in Equity for the year ended 30 June 2020. (d) Prepare a Statement of Financial Position as at 30 June 2020. (e) Make any necessary adjusting and closing entries for 30 June 2020 (f) Make any suitable reversing entries on 1 July 2020. (9) Prepare a post-closing trial balance as at 30 June 2020. (h) Do you think Payneham Professional Services is in good financial position? Analyse and explain (500 words) -Section Break (Next Page) Consulting Fees Revenue (a) Por L Summary 88150 (2) Accounts receivable 4400 88 150 Salaries Expense 31 520 (b) Por L Summary 1180 (6) Cash at bank (13) Salaries payable 5500 32700 32700 32700 5503 Electricity Expense 3 600 (b) Por L Summary (8) Cash at bank 3600 5504 Advertising Expense (7) Accounts payable 3 360 (b) Por L Summary 3360 5505 Depreciation Expense - Furniture and Equipment (12) Accum. depreciation 4600 (b) Por L Summary 4600 5512 Rent Expense 14585 | (b) Por L Summary (14) Prepaid rent 14585 5513 Office Supplies Expense (11) Office supplies 1360 (b) Por L Summary 1360 Required (a) Prepare a 10-column worksheet for the year ended 30 June 2020. (b) Prepare a Statement of Profit or Loss for the year ended 30 June 2020. (c) Prepare a Statement of Changes in Equity for the year ended 30 June 2020. (d) Prepare a Statement of Financial Position as at 30 June 2020. (e) Make any necessary adjusting and closing entries for 30 June 2020 (f) Make any suitable reversing entries on 1 July 2020. (9) Prepare a post-closing trial balance as at 30 June 2020. (h) Do you think Payneham Professional Services is in good financial position? Analyse and explain (500 words) -Section Break (Next Page) Consulting Fees Revenue (a) Por L Summary 88150 (2) Accounts receivable 4400 88 150 Salaries Expense 31 520 (b) Por L Summary 1180 (6) Cash at bank (13) Salaries payable 5500 32700 32700 32700 5503 Electricity Expense 3 600 (b) Por L Summary (8) Cash at bank 3600 5504 Advertising Expense (7) Accounts payable 3 360 (b) Por L Summary 3360 5505 Depreciation Expense - Furniture and Equipment (12) Accum. depreciation 4600 (b) Por L Summary 4600 5512 Rent Expense 14585 | (b) Por L Summary (14) Prepaid rent 14585 5513 Office Supplies Expense (11) Office supplies 1360 (b) Por L Summary 1360 Required (a) Prepare a 10-column worksheet for the year ended 30 June 2020. (b) Prepare a Statement of Profit or Loss for the year ended 30 June 2020. (c) Prepare a Statement of Changes in Equity for the year ended 30 June 2020. (d) Prepare a Statement of Financial Position as at 30 June 2020. (e) Make any necessary adjusting and closing entries for 30 June 2020 (f) Make any suitable reversing entries on 1 July 2020. (9) Prepare a post-closing trial balance as at 30 June 2020. (h) Do you think Payneham Professional Services is in good financial position? Analyse and explain (500 words) -Section Break (Next Page) Consulting Fees Revenue (a) Por L Summary 88150 (2) Accounts receivable 4400 88 150 Salaries Expense 31 520 (b) Por L Summary 1180 (6) Cash at bank (13) Salaries payable 5500 32700 32700 32700 5503 Electricity Expense 3 600 (b) Por L Summary (8) Cash at bank 3600 5504 Advertising Expense (7) Accounts payable 3 360 (b) Por L Summary 3360 5505 Depreciation Expense - Furniture and Equipment (12) Accum. depreciation 4600 (b) Por L Summary 4600 5512 Rent Expense 14585 | (b) Por L Summary (14) Prepaid rent 14585 5513 Office Supplies Expense (11) Office supplies 1360 (b) Por L Summary 1360 Required (a) Prepare a 10-column worksheet for the year ended 30 June 2020. (b) Prepare a Statement of Profit or Loss for the year ended 30 June 2020. (c) Prepare a Statement of Changes in Equity for the year ended 30 June 2020. (d) Prepare a Statement of Financial Position as at 30 June 2020. (e) Make any necessary adjusting and closing entries for 30 June 2020 (f) Make any suitable reversing entries on 1 July 2020. (9) Prepare a post-closing trial balance as at 30 June 2020. (h) Do you think Payneham Professional Services is in good financial position? Analyse and explain (500 words) -Section Break (Next Page) Consulting Fees Revenue (a) Por L Summary 88150 (2) Accounts receivable 4400 88 150 Salaries Expense 31 520 (b) Por L Summary 1180 (6) Cash at bank (13) Salaries payable 5500 32700 32700 32700 5503 Electricity Expense 3 600 (b) Por L Summary (8) Cash at bank 3600 5504 Advertising Expense (7) Accounts payable 3 360 (b) Por L Summary 3360 5505 Depreciation Expense - Furniture and Equipment (12) Accum. depreciation 4600 (b) Por L Summary 4600 5512 Rent Expense 14585 | (b) Por L Summary (14) Prepaid rent 14585 5513 Office Supplies Expense (11) Office supplies 1360 (b) Por L Summary 1360 Required (a) Prepare a 10-column worksheet for the year ended 30 June 2020. (b) Prepare a Statement of Profit or Loss for the year ended 30 June 2020. (c) Prepare a Statement of Changes in Equity for the year ended 30 June 2020. (d) Prepare a Statement of Financial Position as at 30 June 2020. (e) Make any necessary adjusting and closing entries for 30 June 2020 (f) Make any suitable reversing entries on 1 July 2020. (9) Prepare a post-closing trial balance as at 30 June 2020. (h) Do you think Payneham Professional Services is in good financial position? Analyse and explain (500 words) -Section Break (Next Page) Consulting Fees Revenue (a) Por L Summary 88150 (2) Accounts receivable 4400 88 150 Salaries Expense 31 520 (b) Por L Summary 1180 (6) Cash at bank (13) Salaries payable 5500 32700 32700 32700 5503 Electricity Expense 3 600 (b) Por L Summary (8) Cash at bank 3600 5504 Advertising Expense (7) Accounts payable 3 360 (b) Por L Summary 3360 5505 Depreciation Expense - Furniture and Equipment (12) Accum. depreciation 4600 (b) Por L Summary 4600 5512 Rent Expense 14585 | (b) Por L Summary (14) Prepaid rent 14585 5513 Office Supplies Expense (11) Office supplies 1360 (b) Por L Summary 1360 Required (a) Prepare a 10-column worksheet for the year ended 30 June 2020. (b) Prepare a Statement of Profit or Loss for the year ended 30 June 2020. (c) Prepare a Statement of Changes in Equity for the year ended 30 June 2020. (d) Prepare a Statement of Financial Position as at 30 June 2020. (e) Make any necessary adjusting and closing entries for 30 June 2020 (f) Make any suitable reversing entries on 1 July 2020. (9) Prepare a post-closing trial balance as at 30 June 2020. (h) Do you think Payneham Professional Services is in good financial position? Analyse and explain (500 words) -Section Break (Next Page) Consulting Fees Revenue (a) Por L Summary 88150 (2) Accounts receivable 4400 88 150 Salaries Expense 31 520 (b) Por L Summary 1180 (6) Cash at bank (13) Salaries payable 5500 32700 32700 32700 5503 Electricity Expense 3 600 (b) Por L Summary (8) Cash at bank 3600 5504 Advertising Expense (7) Accounts payable 3 360 (b) Por L Summary 3360 5505 Depreciation Expense - Furniture and Equipment (12) Accum. depreciation 4600 (b) Por L Summary 4600 5512 Rent Expense 14585 | (b) Por L Summary (14) Prepaid rent 14585 5513 Office Supplies Expense (11) Office supplies 1360 (b) Por L Summary 1360 Required (a) Prepare a 10-column worksheet for the year ended 30 June 2020. (b) Prepare a Statement of Profit or Loss for the year ended 30 June 2020. (c) Prepare a Statement of Changes in Equity for the year ended 30 June 2020. (d) Prepare a Statement of Financial Position as at 30 June 2020. (e) Make any necessary adjusting and closing entries for 30 June 2020 (f) Make any suitable reversing entries on 1 July 2020. (9) Prepare a post-closing trial balance as at 30 June 2020. (h) Do you think Payneham Professional Services is in good financial position? Analyse and explain (500 words) -Section Break (Next Page)