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Required: Prepare a 10-column worksheet for Ayako Legal Services for the year ending 30 June 2020 using the following additional information: 1. A physical count
Required: Prepare a 10-column worksheet for Ayako Legal Services for the year ending 30 June 2020 using the following additional information: 1. A physical count of office supplies on 30 June 2020 shows $3,500 of supplies on hand. 2. The prepaid insurance was purchased on 1 January 2020 for a 1 year insurance coverage on business assets. 3. Depreciation of the office equipment is $2,000. 4. The amount in the prepaid rent account covers six months, starting from 1 March 2020. 5. Salary expense of $3,000 has accrued and has not been recorded or paid. 6. Half of the unearned fees has been earned during the year, but not yet recorded in the accounts. 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 iLearn Response template area.) 7 A B I Ff = 2 Account title Adjustments Income Statement Balance Sheet Trial Balance (Unadjusted) Dr cr Adjusted Trial Balance Dr Cr Dr Cr Dr Cr Dr Cr 55,500 72,650 6,000 24,000 12,050 Cash at bank Accounts receivable Prepaid rent Prepaid insurance Office supplies Office equipment Accumulated depreciation office equipment Accounts payable Salary payable Unearned revenue 43,200 8,500 7,500 8,000 25,000 250,000 Loan payable Ayako, Capital Ayako, Drawings Service Revenue 150,000 286,000 Salary expense 190,000 Rent expense 31,600
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