Proprictor: Name: Ms. Nicole Coffeur Teenage Stylesag Hair and Beauty Salon Description: The business has the following opening balances: Hair Styling Supplies Hair Styling Equipmen Bank Loan (duc 2022) Account Payable Motor Vehicle Account Receivable Cash At Bank Addinional Information: $782 Closing stock of hair styling supplics on 30/6 Ss) 503 4.412 S15368 Hair styling equipment scrap value (S) S26,318 Hair styling equipment useful life (years) 8,509 Rent paid for (months) S36,313 Insurance paid for (months) S19,304 Motor vehicle serap value (S) S10,580 Motor vehicle useful life (years) 3,111 Bank loan interest rates (% per year) Date 1-Jun Purchase books and magazines I-Jun Paid General Insurance 3-Jun Rent of Business Premises 6-Jun Receive Payment from Account Customers 6-Jun Advertising Expense Cash 8-Jun Motor Vehicle Expenses 8-Jun Staff Wages 11-Jun Motor Vehicle Expenses 13-Jun Purchase books and magazines 13-Jun Hair styling fees Cash 15-Jun Advertising Expense Account 16-Jun Sundry Expenses 18-Jun Purchase hair styling supplies-account 19-Jun Sundry Expenses 22-Jun Staff Wages 24-Jun Manicure services Cash 25-Jun Hair styling fees Account 26-Jun Facial services fees - Cash Date S1,164 S1,339 S1,560 S955 S469 S1,442 S340 S1,708 S484 S1,383 $1,028 S651 S465 S819 S1,650 858 24-Jun Receive Payment from Account Customers S1,057 $3,972 S1,028 S67 -Jun Hair styling fees-Cash 2,910 JnManicure services Account 4,427 -Jun Hair styling fees-Account $1,488 6-Jun Payment to Account Payable $494 7-Jun Advertising Expense- Cash 8-Jun Payment to Account Payable $1,028 0-Jun Purchase hair styling supplics- account S292 12-Jun Facial services fees - Cash $70 13-Jun Cash Withdrawals by Owner $1,452 5-Jun Manicure services Account S623 5Jun Staff Wages S159 6J Advertising Expense Account S325 19-Jun Cash Withdrawals by Owner S193 22-Jun Manicure services Cash $1,028 23-Jun Facial services fees- Cash $1,645 25-Jun Additional cash contributed by owner 1,580 29-Jun StaffWages Comments This business was purchased on June. You are required to prepare a general journal entry to incorporate the opening balances into the current period, including the balancing capital figure. You will need to refer to the Additional Information section for your adjusting entries The rent and insurance period start on Show three types of revenue, namely hair styling services, manicure services and facial services. All revenues received were for the month of June. Unless otherwise indicated, all transactions are on a cash basis. Use one general Account Receivable for all debtors and one general Account Payable for all creditors Your Balance Sheet should show assets and liabilities divided into current and non-current Staff work a 7-day week and are paid on the 8th day Assume all prepayments are initially recognised as an asset 10 Column Worksheet Income Statement Balance Sheet Workings Teenage StyleBag-10 Celunn Worksheet Adjusted T/B Account T/H Income Statement Cost of Coods Sok or Vehicle llooks and Teenage StyleBag-Income Statement Teenage StyleBag 10 Column Worksheet Account Unadjusted T/B DR Adjustment DR CR Cash At Bank Account Receivable Motor Vehicle Prepaid Rent Allowance for Doubtful Debts id Insurance Acc. Depn. Motor Vehicle Account Payable Bank Loan (due 2022) Accrued Interest Expense Accrued Staff Wages Capital Income Tax Expense Drawings Staff Wages Exp Cost of Goods Sold Motor Vehicle Ex Interest Exp Income Tax Payable Sundry Exp Rent Expense Insurance Ex Depreciation Exp Advertising Exp Hair Styling Equipment Hair Styling Supplies Acc. Depn. Hair Styling Equipment Hair Styling Revenu Manicure Revenue Facial Hair Styling Supplies Exp Books and Magazine Exp Subtotal Profit (Loss) Total s Revenue Proprictor: Name: Ms. Nicole Coffeur Teenage Stylesag Hair and Beauty Salon Description: The business has the following opening balances: Hair Styling Supplies Hair Styling Equipmen Bank Loan (duc 2022) Account Payable Motor Vehicle Account Receivable Cash At Bank Addinional Information: $782 Closing stock of hair styling supplics on 30/6 Ss) 503 4.412 S15368 Hair styling equipment scrap value (S) S26,318 Hair styling equipment useful life (years) 8,509 Rent paid for (months) S36,313 Insurance paid for (months) S19,304 Motor vehicle serap value (S) S10,580 Motor vehicle useful life (years) 3,111 Bank loan interest rates (% per year) Date 1-Jun Purchase books and magazines I-Jun Paid General Insurance 3-Jun Rent of Business Premises 6-Jun Receive Payment from Account Customers 6-Jun Advertising Expense Cash 8-Jun Motor Vehicle Expenses 8-Jun Staff Wages 11-Jun Motor Vehicle Expenses 13-Jun Purchase books and magazines 13-Jun Hair styling fees Cash 15-Jun Advertising Expense Account 16-Jun Sundry Expenses 18-Jun Purchase hair styling supplies-account 19-Jun Sundry Expenses 22-Jun Staff Wages 24-Jun Manicure services Cash 25-Jun Hair styling fees Account 26-Jun Facial services fees - Cash Date S1,164 S1,339 S1,560 S955 S469 S1,442 S340 S1,708 S484 S1,383 $1,028 S651 S465 S819 S1,650 858 24-Jun Receive Payment from Account Customers S1,057 $3,972 S1,028 S67 -Jun Hair styling fees-Cash 2,910 JnManicure services Account 4,427 -Jun Hair styling fees-Account $1,488 6-Jun Payment to Account Payable $494 7-Jun Advertising Expense- Cash 8-Jun Payment to Account Payable $1,028 0-Jun Purchase hair styling supplics- account S292 12-Jun Facial services fees - Cash $70 13-Jun Cash Withdrawals by Owner $1,452 5-Jun Manicure services Account S623 5Jun Staff Wages S159 6J Advertising Expense Account S325 19-Jun Cash Withdrawals by Owner S193 22-Jun Manicure services Cash $1,028 23-Jun Facial services fees- Cash $1,645 25-Jun Additional cash contributed by owner 1,580 29-Jun StaffWages Comments This business was purchased on June. You are required to prepare a general journal entry to incorporate the opening balances into the current period, including the balancing capital figure. You will need to refer to the Additional Information section for your adjusting entries The rent and insurance period start on Show three types of revenue, namely hair styling services, manicure services and facial services. All revenues received were for the month of June. Unless otherwise indicated, all transactions are on a cash basis. Use one general Account Receivable for all debtors and one general Account Payable for all creditors Your Balance Sheet should show assets and liabilities divided into current and non-current Staff work a 7-day week and are paid on the 8th day Assume all prepayments are initially recognised as an asset 10 Column Worksheet Income Statement Balance Sheet Workings Teenage StyleBag-10 Celunn Worksheet Adjusted T/B Account T/H Income Statement Cost of Coods Sok or Vehicle llooks and Teenage StyleBag-Income Statement Teenage StyleBag 10 Column Worksheet Account Unadjusted T/B DR Adjustment DR CR Cash At Bank Account Receivable Motor Vehicle Prepaid Rent Allowance for Doubtful Debts id Insurance Acc. Depn. Motor Vehicle Account Payable Bank Loan (due 2022) Accrued Interest Expense Accrued Staff Wages Capital Income Tax Expense Drawings Staff Wages Exp Cost of Goods Sold Motor Vehicle Ex Interest Exp Income Tax Payable Sundry Exp Rent Expense Insurance Ex Depreciation Exp Advertising Exp Hair Styling Equipment Hair Styling Supplies Acc. Depn. Hair Styling Equipment Hair Styling Revenu Manicure Revenue Facial Hair Styling Supplies Exp Books and Magazine Exp Subtotal Profit (Loss) Total s Revenue