Question
Required: 1. Prepare a post-adjustment trial balance for the year ended 30 June 2020. 2. Prepare the income statement for the business for the
Required: 1. Prepare a post-adjustment trial balance for the year ended 30 June 2020. 2. Prepare the income statement for the business for the year ended 30 June 2020. 3. 4. Prepare a statement of changes in equity for the year ended 30 June 2020. Prepare a balance sheet as at 30 June 2020. CANADA TRUCK HIRE Unadjusted Trial Balance as at 30 June 2020 DR CR $ $ Cash Accounts receivable Office supplies 40 700 71 800 3 200 Trucks 468 000 Accumulated depreciation - Trucks 197 000 Equipment 31 000 Accumulated depreciation - Equipment 17 500 Accounts payable 54 000 Unearned revenue 27 500 Capital Drawings Revenue Insurance expense Wages expense Advertising expense Maintenance expense Fuel and oil expense Additional information: 103 000 493 500 40 900 253 100 19 400 38 000 53 400 a. Petrol purchased on credit for $3 400 and used during the last week in June has not been paid for or recorded. b. A physical count showed office supplies totalling $1 700 were still on hand at 30 June.
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