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The following information relates to Federer Clothing Co Pty Ltd on 30 June 2020. Vehicle 28,000 Depreciation Expense - Vehicle 240 Accounts Payable 13,600 Cash
The following information relates to Federer Clothing Co Pty Ltd on 30 June 2020.
Vehicle | 28,000 |
Depreciation Expense - Vehicle | 240 |
Accounts Payable | 13,600 |
Cash at Bank | 2,300 |
Capital | ? |
Supplies | 3,200 |
Rent Expense | 800 |
Prepaid Rent | 1,200 |
Accumulated Depreciation Vehicle | 1,240 |
Drawings | 600 |
Loan Payable (due in 2025) | 1,400 |
Accounts Receivable | 1,400 |
Service Revenue | 5,600 |
Salary Payable | 2,200 |
Salaries Expense | 4,000 |
Unearned Revenue | 1,400 |
Required: Prepare a fully classified Balance Sheet in narrative format for the financial year. (13 marks)
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