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I NEED HELP ASAP !!! The following information relates to Maccas Machinery Services on 30 June 2021. Machinery 135,000 Prepaid Insurance 13,500 Wages Expenses 72,000
I NEED HELP ASAP !!!
The following information relates to Maccas Machinery Services on 30 June 2021.
Machinery | 135,000 |
Prepaid Insurance | 13,500 |
Wages Expenses | 72,000 |
Cash at Bank | 97,500 |
Service Revenue | 160,000 |
Rent Payable | 33,750 |
Depreciation expense - Machinery | 13,500 |
Accounts receivable | 13,250 |
Supplies Expense | 15,000 |
Owner, Drawings | 14,000 |
Unearned revenue | 12,500 |
Supplies | 6,500 |
Electricity Expense | 12,500 |
Accounts payable | 9,750 |
Capital | ? |
Loan payable (due in 2025) | 17,500 |
Accumulated Depreciation- Machinery | 60,000 |
Required
Prepare a fully classified Balance sheet in narrative format for the financial year (13 Marks)
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