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Required Complete the following worksheet for the year ended 30 June 2021 using the unadjusted trial balance in the worksheet and the additional information provided

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Required Complete the following worksheet for the year ended 30 June 2021 using the unadjusted trial balance in the worksheet and the additional information provided below. (15 marks) a. The prepaid rent balance represents the rent paid on 1 June 2021 for June, July, and August 2021. b. Machinery costing $298,000 was purchased on 1 May 2021. The straight-line depreciation method is used. The equipment has a useful life of 8 years and a scrap value of $10,000. No depreciation was ever recorded. c. Two casual employees both worked 7 days in June 2021. The daily rate for each casual employee is $600. No wages are recorded or paid. d. 60% of unearned revenue was earned but not recorded by the end of the financial year. e. A stocktake shows there were supplies on hand costing $4,200. 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. 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. 7 A B U 1 FE II! III Trial Balance Trial Balar (Unadjusted) Adjustments (Adjuste Account title Debit Credit Debit Credit Debito Cash at bank 85,000 Accounts receivable 205,000 Prepaid rent 9,600 Supplies 6,200 Machinery 298,000 Accounts payable 11,100 Unearned revenue 18,900 Bank loan (due in 2023) 150,000 Capital 299,700 Service revenue 556,100 Wages expense 432,000 1,035,800 1,035,800

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