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On 1 June 2022 Ethan opened a nail shop. Time left 1: 1. Complete the running balances on the general ledger accounts for the month
On 1 June 2022 Ethan opened a nail shop. Time left 1: 1. Complete the running balances on the general ledger accounts for the month of June 2022 2. Prepare the trial balance as at 30 June 2022 3. Prepare a statement of changes in Equity for the month of June 2022 Note: select [-] if no amount is required to enter. General ledger accounts ACCOUNT: Cash at Bank Date Explanation Debit Credit Balance 1/06/22 Ethan, Capital $150,000 e 2/06/22 Shop Supplies $3,000 . 3/06/22 Advertising Expense $5,000 > 5/06/22 Rent Expense $4,000 8/06/22 Equipment $10,000 Advertising Expense Insurance Expense Telephone Expense Ethan's Nail Shop Statement of Changes in Equity for the year ended 30 June 2022 Ethan Capital - 1 June 2022 $0 Add: Additional contribution Add: Profit for the year Deduct: Drawings during the year Ethan, Capital - 30 June 2022
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