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I need question 7 answer Information for adjustments at 30 June 2019. a) The used up 'prepaid insurance' has not been recognised b) The used
I need question 7 answer
Information for adjustments at 30 June 2019. a) The used up 'prepaid insurance' has not been recognised b) The used up 'prepaid rent has not been recognised. c) Office supplies account shows the balance of $450 as at 30 Jun 2019. d) Depreciation expenses for computers, office furniture and car are yet to be recorded. e) Interest on the loan is paid annually and therefore due on 30 March 2020. So, interest expenses for the first 3 months remain outstanding. f) Staff salaries for the Apr to Jun 2019 quarter of $14,500 is due on 3 Jul 2019 g) Utlities expenses for the Apr to Jun 2019 quarter of $1,200 is due on 5 Jul 2019 h) The outstanding service for which the cash was received on 1 Jun 2019 remains outstanding as at 30 June 2019Step by Step Solution
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