Perfect Landscaping Unadjusted Trial Balance as at 31 May 2019

Account	Dr	Cr
Cash at bank	19,870
Accounts receivable	47,980
GST receivable	3,100
Prepaid rent	3,900
Prepaid insurance	2,800
Landscaping supplies	3,200
Landscaping equipment	28,450
Accumulated depreciation - Landscaping equipment		8,740
Accounts payable		3,160
Unearned fees		3,140
Loan payable - due 30 May 2020		28,000
GST Payable		8,430
Capital		58,300
Drawings	42,360
Fees revenue		142,380
Electricity expense	5,840
Rent expense	17,400
Salaries expense	68,790
Telephone expense	8,460

Assignment Requirements: June Transactions: Date Transaction Amount

June Transactions:
Date	Transactions	Amount
31/05/2019
1/06/2019	Receipts from customers from monies outstanding	16,400
15/06/2019	Receipts from customers from monies outstanding	8,540
22/06/2019	Received electricity bill	1,740
24/06/2019	Paid salaries for June	8,340
29/06/2019	Receipts from customers from monies outstanding	11,320
30/06/2019	June Sales (credit sales)	21,350
30/06/2019	Received bank interest	135
30/06/2019	Purchased motor vehicle using bank loan and cash.	41,500
30/06/2019	One customer was declared bankrupt during June. Their debt is judged to be non-recoverable (a bad debt).	3,750

Consider the information provided for Perfect Landscaping: Additional Information: All sales are credit sales (30 days). Unless stated all amounts are GST(10%) inclusive or GST exempt. Interest expense of $210 has accrued on the loan payable. A physical count of landscaping supplies on 30 June shows $1230 of unused supplies on hand. Depreciation of the landscaping equipment this year is estimated to be $10,240. 25% of the amount in the Unearned Fees account had been earned by the end of June. The amount in the Prepaid Rent account covers June and the next 2 months. Of prepaid insurance, 30% expired this period. Salaries expense accrued for the last 4 days in June amounts to $1,950. The telephone expense for June of $820 has not been recorded or paid.

1. Record the journal entries for June transactions. 2. Record adjusting entries for the end of June. 3. Construct the T formatted ledger accounts. 4. Prepare the profit and loss statement for the year ended 30th June 2019. 5. Prepare the classified narrative formatted balance sheet as at 30th June 2019.