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The following additional information is available at June 3 0 , 2 0 2 2 :Plant Universe Ltd - Acacia Branch Trial Balance as at

The following additional information is available at June 30,2022:Plant Universe Ltd- Acacia Branch
Trial Balance as at June 30,2022
\table[[A/C Name,Trial Balance],[,DR,CR],[Cash,1,855,000,],[Accounts receivable,1,000,000,],[Allowance for bad debt,,80,000],[Merchandise Inventory,1,200,000,],[Store Supplies,205,000,],[Prepaid Insurance,184,950,],[Prepaid rent,287,035,],[Furniture and fixtures,600,000,],[Accumulated depreciation-Furniture and Fixtures,,59,000],[Motor Truck,1,200,000,],[Accumulated depreciation - Motor Truck,,],[Accounts payable,,50,000],[Salary payable,,],[Interest payable,,28,000],[Unearned Sales revenue,,198,500],[Long-term loan,,2,185,375
(i) Store Supplies on hand at June 30,2022 amounted to $95,400.
(ii) Insurance of $184,950 was paid on April 1,2022, for 9-menths to December 2022
(iii) Rent was prepaid on March 1,2022, for 7-months to September 2022.
(iv) The fumiture and fixtures have an estimated useful life of 10 years and is being
depreciated on the straight-line method down to a residual value of $10,000.
(v) The motor truck was acquired on February 1,2022, and is being depreciated
over 5 years on the dowble-declining balance method of depreciation, down to
a residue of $15,000
(vi) Salaries earned by employees not yet paid amounted to $195,000 at June 30,2022.
(vii) Accrued interest expense as of June 30,2022, $50,550.
(viii) On June 30,2022, $66,000 of the previously uncamed sales revenue had been camed.
(ix) The aging of the Accounts Receivable schedule at June 30,2022 indicated that the
Allowance for Bad Debts should be $100,000.
(x) After making all other adjustments, a physical count of inventory was done, which
reveals that there was $1,115,500 worth of inventory on hand at June 30,2022
Other data:
(xi) The business is expected to make principal payments totalling $345,000 towards the
loan during the fiscal ycar to June 30,2023
Required:
a) Prepare the necessary adjusting joumal entries on June 30,2022
[Narrations atre not required]
b) Prepare the Adjusted Trial balance at June 30,2022.
c) Prepare the company's multiple-step income statement for the period ending
June 30,2022
d) Prepare the company's statement of cowner's cquity at June 30,20122
e) Prepare the company's chassified balance sheet at June 30,2022
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