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Question 2 The trial balance of Moe Manufacturing Company at 30 June 2017 and the data needed for the month-end adjustments follow: Moe Manufacturing Company

Question 2

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 i) Prepare the statement of financial performance (income statement) for the period ended 30 June 2017. (6 marks)

ii) Prepare the statement of changes in equity for the period ended 30 June 2017.

iii) Prepare the statement of financial position (balance sheet) as at 30 June 2017.

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