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Question 8 Not yet saved The following information for Bella's Beauty Salon on 30/06/2020 is provided. Required: For each of the following; (numbered 1 to
Question 8 Not yet saved The following information for Bella's Beauty Salon on 30/06/2020 is provided. Required: For each of the following; (numbered 1 to 5 below), state the appropriate accounting element/s and state the effect on each if the adjustments are NOT done. Marked out of 10.00 P Flag question 1. During the year prepaid rent has expired. 2. The business received a telephone account. The bill has not been paid nor recorded in the accounting records. 3. Services were provided but payment has not been received nor has the transaction been recorded. 4. Unearned Revenue had a balance of $6,000. It has now been earned but not recorded. 5. Year-end stocktake shows supplies have been consumed during the year. 7 A- B I Ff 1. 2. 3. 4. 5
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