Question 1 (Topic 4) 10 marks The unadjusted trial balance of Helena's Hire Cars is shown below (ignore GST) Helena's Hire Cars Trial Balance As at 30 June 2019 Account Debit Credit Cash at bank 18,140 Accounts receivable 21,340 Office supplies 640 Prepaid advertising 3,880 Hire cars 93,600 Accumulated Depreciation hire cars 39,400 Accounts payable 10,800 Unearned hire fees 2,260 Helena, Capital 68,340 Helena, Drawings 20,600 Hire fees revenue 98,700 Wages expense 50,620 Fuel and oil expense 10,680 219,500 219,500 Additional information Petrol purchased on credit for $680 and used during the last week in June has not been paid for or recorded A physical count showed office supplies totalling $340 were still on hand at 30 June Depreciation for 1 year on the hire cars is $12,400 Prepaid advertising has a balance of $600 at the end of the month The balance in the Unearned Hire Fees account includes $1,800 received in May for hire services completed in June Required Prepare a 10 column worksheet for the year ended 30 June 2019 Account Title Cash at Bank Accounts Receivable Office Supplies Prepaid advertising Hire Cars Accum Depr Hire Cars Accounts Payable Unearned Hire Fees Helena, Capital Helena, Drawings Removal Fees Revenue Wages Expense Fuel and Oil Expense Profit for the year Debit 18,140 21,340 640 3,880 93,600 39,400 10,800 2,260 68,340 20,600 98,700 50,620 10,680 $219,50 00 Debit Credit Unadjusted trial balance Adjustments Adjusted trial balance Income statement Balance sheet Credit Debit Credit Debit Credit Debit Credit $219,50

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Question 1 (Topic 4) - 10 marks The unadjusted trial balance of Helena's Hire Cars is shown below (ignore GST). Helena's Hire Cars Trial Balance

Question 1 (Topic 4) - 10 marks

The unadjusted trial balance of Helena's Hire Cars is shown below (ignore GST).

Helena's Hire Cars Trial Balance

As at 30 June 2019

Account

Debit

Credit

Cash at bank

18,140

Accounts receivable

21,340

Office supplies

640

Prepaid advertising

3,880

Hire cars

93,600

Accumulated Depreciation - hire cars

39,400

Accounts payable

10,800

Unearned hire fees

2,260

Helena, Capital

68,340

Helena, Drawings

20,600

Hire fees revenue

98,700

Wages expense

50,620

Fuel and oil expense

10,680

219,500

Additional information

Petrol purchased on credit for $680 and used during the last week in June has not been paid for or recorded.
A physical count showed office supplies totalling $340 were still on hand at 30 June.
Depreciation for 1 year on the hire cars is $12,400.
Prepaid advertising has a balance of $600 at the end of the month.
The balance in the Unearned Hire Fees account includes $1,800 received in May for hire services
completed in June.

Required:

Prepare a 10-column worksheet for the year ended 30 June 2019.

Account Title

Cash at Bank Accounts Receivable Office Supplies Prepaid advertising Hire Cars

Accum. Depr. Hire Cars

Accounts Payable Unearned Hire Fees Helena, Capital Helena, Drawings Removal Fees Revenue

Wages Expense

Fuel and Oil Expense

Profit for the year

Debit

18,140 21,340 640 3,880 93,600

39,400