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Financial statements from an adjusted trial balance; adjusting and closing entries Non-GST version The adjusted trial balance of Brompton Bowling Alley at 30 June 2023,

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Financial statements from an adjusted trial balance; adjusting and closing entries Non-GST version The adjusted trial balance of Brompton Bowling Alley at 30 June 2023, the end of the entity's accounting year, follows. BROMPTON BOWLING ALLEY Adjusted trial balance as at 30 June 2023 Account Debit Credit Cash at bank $ 8660 Accounts receivable 19360 Accrued revenue 7860 11070 Supplies Prepaid insurance 6870 230790 $ 85290 400990 54780 58650 7100 3620 10980 Bowling equipment Accumulated depreciation - bowling equipment Building Accumulated depreciation - building Accounts payable Interest payable Wages and salaries payable Unearned fees revenue Loan from XYZ Bank Ltd (non-current) B. Awls, capital B. Awls, drawings Fees revenue Depreciation expense - bowling equipment Depreciation expense-building Wage and salaries expense Insurance expense 233700 270980 90000 248320 20100 9630 89400 17040 14510 17010 Interest expense Electricity expense Council rates expense Supplies expense 8830 21300 $973420 973020 $973420 Additional data taken into account in the preparation of the above adjusted trial balance at 30 June 2023. 1.Unearned fees revenue earned during the year, $5540. 2.Prepaid insurance expired during the year, $16 800. 3.Accrued interest expense, $6100. 4.Supplies used during the year, $8300. 5.Fees revenue earned but not recorded, $7860. 6.Depre ion for the year: uipment, $20 100; buil 7.Accrued wages and salaries expense, $3620. $9630. Required (a)Prepare the income statement and statement of changes in equity for the year ended 30 June 2023 and a classified balance sheet as at 30 June 2023. (b)Record adjusting and closing entries in the general journal. (c)Prepare any suitable reversing entries on 1 July 2023

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