Question
Question 2 (6 + 6 + 6 = 18 Marks) The trial balance of Moe Manufacturing Company at 30 June 2017 and the data needed
Question 2 (6 + 6 + 6 = 18 Marks)
The trial balance of Moe Manufacturing Company at 30 June 2017 and the data needed for the month-end adjustments follow:
Moe Manufacturing Company Limited | ||
Adjusted Trial Balance | ||
as at 30 June 2017 | ||
Account | Debit | Credit |
Cash | $ 7 700 |
|
Accounts receivable | 19 200 |
|
Prepaid rent | 500 |
|
Supplies | 700 |
|
Equipment | 19 900 |
|
Accumulated depreciation |
| $ 5 200 |
Accounts payable |
| 4 500 |
Salary payable |
| 1 100 |
Unearned service revenue |
| 1 100 |
Moe, capital |
| 39 500 |
Moe, drawings | 9 500 |
|
Service revenue |
| 16 900 |
Salary expense | 4 600 |
|
Rent expense | 1,900 |
|
Depreciation expense | 900 |
|
Advertising expense | 2 800 |
|
Supplies expense | 600 |
|
Total | $ 68 300 | $ 68 300 |
Required
Prepare the statement of financial performance (income statement) for the period ended 30 June 2017
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