Question 6 Not yet saved Marked out of 14.00 Flag question Prepare a 10-column worksheet for Sam Financial Services for the year ending 30 June 2020 using the following additional information 1. A physical count of supplies on 30 June 2020 shows $1,000 of supplies on hand. 2. Electricity bill of $150 is unpaid. 3. The prepaid insurance was purchased on 1 January 2020 for a 1 year insurance coverage on business assets 4. $2,500 of the unearned revenue has been earned during the year, but not yet recorded in the accounts. 5. Salary expense of $1,500 has accrued and has not been recorded or paid. 6. Depreciation of the office equipment is $2,000 Answer Template: If you accidentally delete the answer template, you may undo the deletion using "Ctrl + Z (for Windows) or "Command + Z" (for Mac), if that does not work please click on this link Answer Template. You may copy and paste the answer template to the answer box (You may also use this template if you wish to work on a Word document. Note: You will need to use your Keyboard command to paste it into the team Response template area) Adjustments Account title Trial Balance (Unadjusted) Dr CH Adjusted Trial Balance Dr Cr Dr CH 7,750 6,000 1,800 2.000 15,000 10.000 4.500 Cash at bank Accounts receivable Prepaid insurance Supplies Office equipment Accumulated depreciation office equipment Accounts payable Salary payable Unearned revenue Electricity payable Sam, Capital Sam, Drawings Service Revenue Salary expense Rent expense 4.000 33,750 4.000 27,000 40.000 1.000 1 " 32 F EE Income Statement Balance Sheet Adjustments Trial Balance (Unadjusted) Dr Cr Adjusted Trial Balance Dr CH Cr DI Dr Cr Dr Cr 7.750 6,000 1,800 2,000 15,000 10,000 4,500 4,000 33,750 Question 6 Not yet saved Marked out of 14.00 Flag question Prepare a 10-column worksheet for Sam Financial Services for the year ending 30 June 2020 using the following additional information 1. A physical count of supplies on 30 June 2020 shows $1,000 of supplies on hand. 2. Electricity bill of $150 is unpaid. 3. The prepaid insurance was purchased on 1 January 2020 for a 1 year insurance coverage on business assets 4. $2,500 of the unearned revenue has been earned during the year, but not yet recorded in the accounts. 5. Salary expense of $1,500 has accrued and has not been recorded or paid. 6. Depreciation of the office equipment is $2,000 Answer Template: If you accidentally delete the answer template, you may undo the deletion using "Ctrl + Z (for Windows) or "Command + Z" (for Mac), if that does not work please click on this link Answer Template. You may copy and paste the answer template to the answer box (You may also use this template if you wish to work on a Word document. Note: You will need to use your Keyboard command to paste it into the team Response template area) Adjustments Account title Trial Balance (Unadjusted) Dr CH Adjusted Trial Balance Dr Cr Dr CH 7,750 6,000 1,800 2.000 15,000 10.000 4.500 Cash at bank Accounts receivable Prepaid insurance Supplies Office equipment Accumulated depreciation office equipment Accounts payable Salary payable Unearned revenue Electricity payable Sam, Capital Sam, Drawings Service Revenue Salary expense Rent expense 4.000 33,750 4.000 27,000 40.000 1.000 1 " 32 F EE Income Statement Balance Sheet Adjustments Trial Balance (Unadjusted) Dr Cr Adjusted Trial Balance Dr CH Cr DI Dr Cr Dr Cr 7.750 6,000 1,800 2,000 15,000 10,000 4,500 4,000 33,750
