End of Chapter Problem 5.13 The post-closing trial balance at 30 June 2017 of Payneham Professional Services is shown below. Transactions completed during the year ended 30 June 2018 are summarised below: 1. Collections on accounts receivable totalled $64,010. 2. Consulting fees of $68,760 plus GST of 10% were receivable during the year. Clients are invoiced after services are provided and are given 30 days in which to pay. Rent paid in advance was $11,370, plus GST. Office supplies were purchased during the year for $300 plus GST in cash and $330 plus GST on credit. Tat withdrew $19,500 for private use. 6. Salary payments amounted to $24,910, of which $330 was for salaries accrued in the year ended 30 June 2016. 7. Advertising totalling $2,620 plus GST was purchased on credit. 8. Electricity expense of $2,810 plus GST was paid. 9. Accounts payable of $2,250 were paid. 10. GST payable of $7,110 less GST receivable of $1,870 were forwarded in cash during the year to the Australian Taxation Office. The following additional information should be considered for adjusting entries: 11. Unused office supplies on hand at the end of the year totalled $590. 12. Depreciation on the furniture and equipment is $3,590. 13. Salaries earned but not paid amount to $920. 14. Rent paid in advance in transaction 3. Rent for 6 months of $5,685 plus GST was paid in advance on 1 August and 1 February. Credit Payneham Professional Services Post-closing trial balance as at 30 June 2017 Account Account no. Cash at bank 1100 Accounts receivable 1101 Prepaid rent 1102 GST receivable 1105 Office supplies 1106 Furniture and equipment 1110 Accumulated depreciation furniture and equipment 1111 Accounts payable 2200 Salaries payable 2201 GST payable 2203 Tat Chiang, capital 3000 Debit $11,540 7,360 950 1,750 1,030 22,400 $7,580 4,240 330 3,990 28,890 $45,030 $45,030 (a) Prepare the ledger of Payneham Professional Services by opening T accounts for the accounts listed in the post-closing trial balance and for the account: listed below. Post the 30 June 2017 balances. (Leave blank any answer fields that do not require an answer.) Cash at bank 1100 Accounts receivable 1101 Prepaid rent 1102 GST receivable e 1105 Office supplies 1106 Furniture and equipment 1110 Accumulated depreciation - furniture and equipment 1111 Accounts payable 2200 Salaries payable 2201 GST payable 2203 Tat Chiang, capital 3000