The Alexandria Driving school commenced operations on 1st july 2009. The following is a list of account balances as at 30th june 2010.

PART C The Alexandria Driving School commenced operations on 1st July 2009. The following is a list of account balances as at 30th June 2010. Accounts Payable $ 1,580 Accounts Receivable 350 Accumulated Depreciation -building $ 750 Accumulated Depreciation -Motor Vehicles $ 24,190 Advertising expenses $ 625 Alexandra Capital 600,000 Alexandra Drawings $ 3,000 Buildings 450,000 Cash at bank 12,375 Depreciation Expenses - Building 750 Depreciation Expenses - Motor Vehicles 24,190 Land 247,000 Long-term loan Payable 145,800 Motor vehicles 96,750 Wages expenses 49,000 Telephone expenses 1,250 Driving lessons fees 120,729 Electricity Expense 1,100 Fuel and motor oils expense $ 7,800 Motor vehicles Maintenance Expense 1,560 GST Collection 395 GST Payable 3,096