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Prepare the financial statement $ (CT) 5,575 Mansion Hallway Trial balance as at 30 June, 2019 $ (Dr) Revenue Purchase 5,000 Carriage 2.250 Rent 850
Prepare the financial statement
$ (CT) 5,575 Mansion Hallway Trial balance as at 30 June, 2019 $ (Dr) Revenue Purchase 5,000 Carriage 2.250 Rent 850 Insurance 1.250 Water charge 250 Stationery 750 Wages 950 Commission received Account receivable 2,520 Account payable Cash in hand 600 Cash at bank 1,500 Inventory as at 1 July 2018 3,230 Machinery at cost 4,500 Accumulated depreciation Capital 23,650 550 3,500 1,500 12,525 23,650 The following additional information as at 31 May 2019 is available: (a) Accrued rent is $ 200 (b) Prepaid insurance $100 (c) $ 50 stationery was due on the statement of financial position. (d) Commission was received $ 250 for July 01, 2019 (e) Inventory at the close to business has been valued at $ 2,500
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