Question
Hi I am Diego and I am currently coursing certificate IV in accounting and bookkeeping. I have problems with my assessments as I do not
Hi I am Diego and I am currently coursing certificate IV in accounting and bookkeeping. I have problems with my assessments as I do not have many tutorials sessions and there is many things I do not understand. so the questions is "course hero" can help me out to get my questions solved and how does it work.? how long does it take to get an answer and how trustful are the assessments already in the platform.
for example in this question I would ask about question #1 assessment #2
The Alexandria Driving School commenced operations on 1st July 2018. The following is a list of account balances as at 30th June 2019
Accounts Payable
$1,580
Accounts Receivable
$350
Accumulated Depreciation - Building
$750
Accumulated Depreciation - Motor Vehicles
$24,190
Advertising Expense
$625
Alexandra, Capital
$600,000
Alexandra, Drawings
$3,000
Building
$450,000
Cash at Bank
$12,375
Depreciation Expense - Building
$750
Depreciation Expense - Motor Vehicles
$24,190
Land
$247,000
Long-term Loan Payable
$145,800
Motor Vehicles
$96,750
Wages Expense
$49,000
Telephone Expense
$1,250
Driving Lesson fees
$120,729
Electricity Expense
$1,100
Fuel & Motor Oils Expense
$7,800
Motor Vehicle Maintenance Expense
$1,560
GST Paid
$395
GST Collected
$3,096
Required
1.Prepare appropriately organized Trial Balance as at 30th June 2019.
2.Prepare closing entries.
3.Apply the closing entries to your answer in Question 1 and prepare post- closing Trial Balance as at 30th June 2019.
4.Prepare:
a.Income Statement for the year ended 30th June 2019.
b.Statement of Changes in Equity for the year ended 30th June 2019.
c.Balance Sheet as at 30th June 2019.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started