Solve the worksheet and the balance sheet for this question.

Please solve the worksheet and the balance sheet please.

AB D E F G 6 7 The following information is for the company of D. Virk, Chartered Accountants for the YEAR ending December 31, 2020 8 9 10 11 Pre-adjusted balances at start of the YEAR 12 13 1 14 Office Equipment Accumulated Amortization at start of period Salvage Value Useful Life Adjust for whole year 30,100.00 15,000.00 100,00 15 16 6 years 17 32 3 ? 8gSasa 18 19 2 20 Automobile Accumulated Amortization at start of period Rate Adjust for whole year 14,200.00 9.546.94 20% 21 23 24 3 25 Building Accumulated Amortization at start of period Rate Adjust for whole year 147 100,00 8,650.66 2% 26 27 20 Other Information . . Ann + Instructions Journal - Adjusting Entries Workshoot Income Stmt - Balance She WE Type here to search O W. AB D E F H 28 29 30 1 1 4 Other Information Insurance Policy Value remaining at start of period Time remaining in the policy at start of period Adjust for 1 month (December) only 31 12,900.00 40 months 32 33 5 34 Interest was deducted directly from the bank account. The monthly rate of interest for all debt (assume it is on total of loans and mortgages only) is: Total value of loans and mortgages on the 1st of the month is 0.8% of balance owing 64,500.00 35 36 1 1 37 38 6 Supplies on hand at month end were Supplies on hand on the 1st of the month were: 6,000.00 7.000.00 39 ! 1 40 41 7 42 Month end was exactly one quarter of the way through a pay period No wages have been paid yet but on the next pay day the salaries paid will be. 11.900.00 43 44 8 45 The Senior Accountant informs you that she is certain that an account which you have made an allowance for will not be collected. She tells you to write it off It is valued at 244.00 46 47 + Instructions Journal Adjusting Entries Workshoot Income Stmt Balan Type here to search o W -R42 fx D. Virk, Chartered Accountants G H J N P 1 2 D. Virk, Chartered Accountants Worksheet December 31, 2020 3 6 Income Statement Accounts Acc No 2 Tral Balance DR CR Balance Sheer Adjustments DR CR DR CR DR CR 100 26.845.00 20 9.650.00 105 110 11 610.00 115 7,000.00 33 0 0 0000 120 12.900.00 34 125 147.100.00 1:47-100.00 5 Bank Accounts Receiva Allowance for Doubtful Account Supplies Prepaid ICE Building Accumulated Amortation Building Office Equipment Accumulated Amortization Equipment Automobik Accumulated Amortuan Agounabile Actable Salaries Pavasi luch 110 650.00 16 30,100.00 135 140 30,100.00 12 15.000.000 10 145 1.2000 14.2000 19 150 9,540, 20 3.215.00 3275.00 21 2 A LI 1.1 + Instructions - Journal Adjusting Entries Workshoot - Income Stunt - Balance Shoot - Journal C Type here to search O R! 1 W E G H D. Virk, Chartered Accountants Worksheet December 31, 2020 Accounts Acc No Trial Balance DR CR Adjustments DR CR Income Statement DR CK Balance Sheet DR CR 205 210 11.650,00 215 150.00 11.650.00 190.00 225 230 Salaries Pavab HST Payable HST Recoralle Lean Pavable Mortgage D.Visk, Capital D Vitk Dram Fees Reche Automobiles Lowon Dot Fixed Auer Sulinis Experie Uits Experts 17.500,00 9.000.00 9.132.40 1750000 300 000.00 $320 305 13.200.00 12,200.00 500.00 the 500.00 600 2.400.00 2400.00 1.250,00 625 6.0 035 1.250,00 120.00 2.150.000 2.100 284863.00 2X4,850 Am F will + Instructions Journal - Adjusting Entries Workshoot - Incomu Stmt - Balance Sheet - Journals Type here to search W G H D. Virk, Chartered Accountants Worksheet December 31, 2020 Accounts Trial Balance Acc. No Adjustments Income Statement DR CR DR CR DR Balance Sheet DR CR CR 2 Utilities Expense 635 2.150.00 284.865.00 2.150 X 284.165.00 40 610 35 611 16 612 Amortization Expense Automobile Amenition Experise Building Amortization Expense Equipment Insurance Expenses Interest Expense Supplies Expert ODOOD 60 38 60 39 the 652 10 Net Income 13 + Instructions - Journal Adjusting lintrio Worksheet Income Stret - Balance Sheet Journal- O Type here to search B C D F H D. Virk, Chartered Accountants Balance Sheet December 31, 2020 Assets Current Assets Bank Accounts Receivable Allowance for Doubtful Accounts Supplies Prepaid Insurance Total Current Assets Fixed Assets Building Accumulated Amortization - Building Office Equipment Accumulated Amortization Equipment Automobil Accumulated Amortization Automobile Total Fixed Assets B D H 2 Total Fixed Assets 3 24 TOTAL ASSETS $ 25 26 Liabilities and Owner's Equity 27 28 29 30 31 82 33 34 35 36 Current Liabilities Accounts Payable Salaries Payable HST Payable HST Recoverable Total Current Liabilities Long Term Liabilities Loan Payable Mortgage Payable Total Long Term Liabilities TOTAL LIABILITIES D. Virk, Capital Equity at the Beginning of the Period Add: Net Income Less: Drawings Change in Equity for the Period Ermity at the End of the Pavad 37 38 39 40 41 42 43 44 Instructions Journal - Adjusting Entries Worksheet Income Stm Type here to search W C A B C D H Current Liabilities Accounts Payable Salaries Payable HST Payable HST Recoverable Total Current Liabilities Long Term Liabilities Loan Payable Mortgage Payable Toral Long Term Liabilities TOTAL LIABILITIES D. Virk, Capital Equity at the Beginning of the Period Add: Net Income Less: Drawings Change in Equity for the Period Earth at the End of the Period 4. TOTAL LIABILITIES AND OWNER'S EQUITY S Hint You should balance out at $203.469.30 Instructions Journal - Adlusting Entries Balar Income Stmt Worksheet AB D E F G 6 7 The following information is for the company of D. Virk, Chartered Accountants for the YEAR ending December 31, 2020 8 9 10 11 Pre-adjusted balances at start of the YEAR 12 13 1 14 Office Equipment Accumulated Amortization at start of period Salvage Value Useful Life Adjust for whole year 30,100.00 15,000.00 100,00 15 16 6 years 17 32 3 ? 8gSasa 18 19 2 20 Automobile Accumulated Amortization at start of period Rate Adjust for whole year 14,200.00 9.546.94 20% 21 23 24 3 25 Building Accumulated Amortization at start of period Rate Adjust for whole year 147 100,00 8,650.66 2% 26 27 20 Other Information . . Ann + Instructions Journal - Adjusting Entries Workshoot Income Stmt - Balance She WE Type here to search O W. AB D E F H 28 29 30 1 1 4 Other Information Insurance Policy Value remaining at start of period Time remaining in the policy at start of period Adjust for 1 month (December) only 31 12,900.00 40 months 32 33 5 34 Interest was deducted directly from the bank account. The monthly rate of interest for all debt (assume it is on total of loans and mortgages only) is: Total value of loans and mortgages on the 1st of the month is 0.8% of balance owing 64,500.00 35 36 1 1 37 38 6 Supplies on hand at month end were Supplies on hand on the 1st of the month were: 6,000.00 7.000.00 39 ! 1 40 41 7 42 Month end was exactly one quarter of the way through a pay period No wages have been paid yet but on the next pay day the salaries paid will be. 11.900.00 43 44 8 45 The Senior Accountant informs you that she is certain that an account which you have made an allowance for will not be collected. She tells you to write it off It is valued at 244.00 46 47 + Instructions Journal Adjusting Entries Workshoot Income Stmt Balan Type here to search o W -R42 fx D. Virk, Chartered Accountants G H J N P 1 2 D. Virk, Chartered Accountants Worksheet December 31, 2020 3 6 Income Statement Accounts Acc No 2 Tral Balance DR CR Balance Sheer Adjustments DR CR DR CR DR CR 100 26.845.00 20 9.650.00 105 110 11 610.00 115 7,000.00 33 0 0 0000 120 12.900.00 34 125 147.100.00 1:47-100.00 5 Bank Accounts Receiva Allowance for Doubtful Account Supplies Prepaid ICE Building Accumulated Amortation Building Office Equipment Accumulated Amortization Equipment Automobik Accumulated Amortuan Agounabile Actable Salaries Pavasi luch 110 650.00 16 30,100.00 135 140 30,100.00 12 15.000.000 10 145 1.2000 14.2000 19 150 9,540, 20 3.215.00 3275.00 21 2 A LI 1.1 + Instructions - Journal Adjusting Entries Workshoot - Income Stunt - Balance Shoot - Journal C Type here to search O R! 1 W E G H D. Virk, Chartered Accountants Worksheet December 31, 2020 Accounts Acc No Trial Balance DR CR Adjustments DR CR Income Statement DR CK Balance Sheet DR CR 205 210 11.650,00 215 150.00 11.650.00 190.00 225 230 Salaries Pavab HST Payable HST Recoralle Lean Pavable Mortgage D.Visk, Capital D Vitk Dram Fees Reche Automobiles Lowon Dot Fixed Auer Sulinis Experie Uits Experts 17.500,00 9.000.00 9.132.40 1750000 300 000.00 $320 305 13.200.00 12,200.00 500.00 the 500.00 600 2.400.00 2400.00 1.250,00 625 6.0 035 1.250,00 120.00 2.150.000 2.100 284863.00 2X4,850 Am F will + Instructions Journal - Adjusting Entries Workshoot - Incomu Stmt - Balance Sheet - Journals Type here to search W G H D. Virk, Chartered Accountants Worksheet December 31, 2020 Accounts Trial Balance Acc. No Adjustments Income Statement DR CR DR CR DR Balance Sheet DR CR CR 2 Utilities Expense 635 2.150.00 284.865.00 2.150 X 284.165.00 40 610 35 611 16 612 Amortization Expense Automobile Amenition Experise Building Amortization Expense Equipment Insurance Expenses Interest Expense Supplies Expert ODOOD 60 38 60 39 the 652 10 Net Income 13 + Instructions - Journal Adjusting lintrio Worksheet Income Stret - Balance Sheet Journal- O Type here to search B C D F H D. Virk, Chartered Accountants Balance Sheet December 31, 2020 Assets Current Assets Bank Accounts Receivable Allowance for Doubtful Accounts Supplies Prepaid Insurance Total Current Assets Fixed Assets Building Accumulated Amortization - Building Office Equipment Accumulated Amortization Equipment Automobil Accumulated Amortization Automobile Total Fixed Assets B D H 2 Total Fixed Assets 3 24 TOTAL ASSETS $ 25 26 Liabilities and Owner's Equity 27 28 29 30 31 82 33 34 35 36 Current Liabilities Accounts Payable Salaries Payable HST Payable HST Recoverable Total Current Liabilities Long Term Liabilities Loan Payable Mortgage Payable Total Long Term Liabilities TOTAL LIABILITIES D. Virk, Capital Equity at the Beginning of the Period Add: Net Income Less: Drawings Change in Equity for the Period Ermity at the End of the Pavad 37 38 39 40 41 42 43 44 Instructions Journal - Adjusting Entries Worksheet Income Stm Type here to search W C A B C D H Current Liabilities Accounts Payable Salaries Payable HST Payable HST Recoverable Total Current Liabilities Long Term Liabilities Loan Payable Mortgage Payable Toral Long Term Liabilities TOTAL LIABILITIES D. Virk, Capital Equity at the Beginning of the Period Add: Net Income Less: Drawings Change in Equity for the Period Earth at the End of the Period 4. TOTAL LIABILITIES AND OWNER'S EQUITY S Hint You should balance out at $203.469.30 Instructions Journal - Adlusting Entries Balar Income Stmt Worksheet