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I'm in hurry. Thank YOU WEEK 12 TASK 5 b) Adjusted Trial Balance & Statement of Changes in Equity are provided below. Required: Complete the
I'm in hurry. Thank YOU
WEEK 12 TASK 5 b) Adjusted Trial Balance & Statement of Changes in Equity are provided below. Required: Complete the Balance Sheet as at 31/08/20XX THE BRIGHT SPOT Stmt of Changes in Equity as at 31/8/20XX Aug-01 Opening Capital $ 154,940.00 Add Profit for the period $ 27,680.90 $ 182,620.90 Less Drawings $ 18,180.00 Aug-31 Closing Capital $ 164,440.90 D 1 2 2 The Bright Spot. Adjusted Trial Balance 31/8/20XX Cash at Bank $ 56,360.90 Accounts Receivable $ 19,800.00 Inventory $ 86,575.00 Office Supplies on hand $ 375.00 Prepaid rent $ 200.00 Prepaid insurance $ 550.00 Store Equipment $ 22,500.00 Store Equipment Acc Dpn $ 9,500.00 Delivery Truck $ 23,000.00 Delivery Truck Acc Dpn $ 6,950.00 Accounts Payable $ 27,600.00 Sales salaries payable $ 600.00 Office salaries payable $ 270.00 Capital $ 154,940.00 Income Summary $ 9,500.90 TOTAL $ 209,360.90 $ 209,360.90 4 5 6 7 B 1 2 4 5 6 7 3 9 THE BRIGHT SPOT Balance Sheet as at 31/8/20XX Current Assets Cash at Bank Accounts Receivable Inventory Office Supplies on hand Prepaid rent Prepaid insurance Non-current Assets Store Equipment Store Equipment Acc Dpn Delivery Truck Delivery Truck Acc Dpn TOTAL ASSETS 1 2 3 4 5 6 7 Delivery Truck Acc Dpn Accounts Payable Sales salaries payable Office salaries payable Capital Income Summary TOTAL $ 6,950.00 $ 27,600.00 $ 600.00 $ 270.00 $ 154,940.00 $ 9,500.90 $ 209,360.90 $ 209,360.90 1 2 3 4 5 5 8 o 1 2 3 THE BRIGHT SPOT Balance Sheet as at 31/8/20XX Current Assets Cash at Bank Accounts Receivable Inventory Office Supplies on hand Prepaid rent Prepaid insurance Non-current Assets Store Equipment Store Equipment Acc Dpn Delivery Truck Delivery Truck Acc Dpn TOTAL ASSETS Current Liabilities Accounts Payable Sales salaries payable Office salaries payable NET ASSETS Owners Equity Capital 5 6 7 8 D 2 3 4 5 6Step by Step Solution
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