Hey I need fixing and editing of my work with the correct answers. I started on it.
Part 1 is at the bottom following part 2, 3 and 4
Prepare an Unadjusted Trial Balance for Church Energy Consulting from the information below. Please place each amount into the proper debit and credit column. Please make sure to total both columns at the end (Please note this information will be used in Part III, Part IV) General Ledger Accounts Amount DEBIT CREDIT Cash at Bank $6000 $6000 Accounts Receivable $9260 $9260 GST Outlays $800 $800 Mortgage Payable $88600 $88600 Office Supplies $1140 $1140 Consulting Fees Revenue $156820 $156820 Salaries Expense $87940 $87940 Acc. Depreciation Office Equipment $6420 $6420 Interest Expense $2090 $2090 Building $146000 $146000 GST Collections $2000 $2000 Telephone Expense $1740 $1740 Office Equipment $13500 $13500 Alan Church Drawings $52780 $52780 Accounts Payable $7960 $7960 Land $25600 $25600 Insurance Expense $1620 $1620 Accumulated Depreciation Building $43800 $43800 Church Capital $42070 $42070 Unearned Consulting Fees $1560 $1560 Electricity Expense $760 $760 TOTAL $379810 $318650The following Year-End Adjustments are required. Type in the correct descriptions and debits and credits for each account. 1. A stocktake of the Office Supplies identified that an amount of $725 worth of supplies was used during the year. 2. Depreciation expense - Building for the year was $8,760. 3. Depreciation expense - Office Equipment for the year was $2, 140 4. Insurance of $1620 was paid on the 1st February 2019. 5. Interest Payable for the period was $170 Prepare the Adjusting Journal entries as at 30th June 2019. General Journal Date Description DEBIT CREDIT 30 Jun Office supplies expense $725 19 Office supplies $725 Supplies consumed for the period Date Description DEBIT CREDIT 30 Jun Depreciation expense - Building $8,760 19 Accumulated depreciation - Building $8,760 Depreciation charged Date Description DEBIT CREDIT 30 Jun Depreciation expense - Office equipment $2, 140 19 Accumulated depreciation - Office $2, 140 equipment Depreciation charged Date Description DEBIT CREDIT 30 Jun Insurance expense $675 19 Prepaid insurance $675 Insurance expiredPrepare the Adjusting Journal entries as at 30th June 2019. General Journal Date Description DEBIT CREDIT 30 Jun Office supplies expense $725 19 Office supplies $725 Supplies consumed for the period Date Description DEBIT CREDIT 30 Jun Depreciation expense - Building $8,760 19 Accumulated depreciation - Building $8,760 Depreciation charged Date Description DEBIT CREDIT 30 Jun Depreciation expense - Office equipment $2, 140 19 Accumulated depreciation - Office $2, 140 equipment Depreciation charged Date Description DEBIT CREDIT 30 Jun Insurance expense $675 19 Prepaid insurance $675 Insurance expired Date Description DEBIT CREDIT 30 Jun Interest expense $170 19 Interest payable $170 Interest expense accruedPrepare Church Energy Consulting Income Statement using the information from Part I and Part II CHURCH ENERGY CONSULTING Income Statement for the year end 30th June 2019 INCOME Consulting Fees Revenue $156820 GST Collections $2000 $158,820 EXPENSES Salaries Expense $87,940 Interest Expense $2,090 Telephone Expense $1,740 Insurance Expense $1,620 Electricity Expense $760 GST Outlays $800 Acc. Depreciation Office $6,420 Equipment Accumulated Depreciation $43,800 ($ 145,170) Building PROFIT/LOSS $13,650Prepare Church Energy Consulting Balance Sheet using information from part I, II and III XCHURCH ENERGY CONSULTING BALANCE SHEET as at 30th June 2019 Cash at Bank $ 6000 Accounts Receivable $_9260 Office Supplies $_1140 $ $_16400 Acc. Depreciation Office Equipment $_6420 Office Equipment $_13500 Accumulated depreciation - Building $ 8760 Building $_146000 Land $ 25600 $_200280 5 out of 6 & DownloadLand $ 25600 $ 200280 $ 216680 Accounts Payable $ 7960 Unearned Consulting Fee $ 1560 Mortgage Payable $ 88600 Net $_98120 assets $_118560 Church Capital $_42070 $ 42070 $ 42070 $
