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QUESTION The following balances have been taken from the unadjusted trial balance of Burwood Electric Services as at 30 June 2016. Debit $ Credit $
QUESTION The following balances have been taken from the unadjusted trial balance of Burwood Electric Services as at 30 June 2016. Debit $ Credit $ 13,000 Rent Expense Office Supplies 3,690 Insurance Expense 3,300 Unearned Revenue 6,200 Office Equipment 10,000 Accumulated Depreciation- 6,000 Office Equipment Following additional information is available for which no adjusting entries have been made: (0) Depreciation of $1,500 has to be provided for the office equipment for the year ended 30 June 2016. (11) Insurance Expense of $3,300 does not include $300 payable for the month of June 3016. Office Supplies worth $500 were still on hand as at 30 June 2016. (IT) (iv) Rent expense of $13,000 includes $1,000 paid for the month of July 2016. (v) Unearned revenue of $6,200 includes $5,000 for services completed by 30 June 2016. Bank interest $500 payable for June 2016 has not been recorded in the books. (vi) Required: Prepare the general journal entries required to make necessary adjustments. Include narrations
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