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The following information relates to Flexi Services on 30 June 2020. Vehicle 324,000 Prepaid Advertising 32,400 Salaries Expenses 172,800 Cash at Bank 234,000 Service Revenue
The following information relates to Flexi Services on 30 June 2020. Vehicle 324,000 Prepaid Advertising 32,400 Salaries Expenses 172,800 Cash at Bank 234,000 Service Revenue 384,000 Salaries Payable 81,000 Depreciation expense - Vehicle 32,400 Accounts receivable 31,800 Supplies Expense 16,560 Owner, Drawings 6,600 Unearned revenue 30,000 Supplies 15,600 Electricity Expense 26,640 Accounts payable 23,400 Capital Loan payable (due in 2023) 42,000 Accumulated Depreciation- Vehicle 144,000 Required Prepare a fully classified Balance Sheet in narrative format for the financial year. (13 marks) 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. 7 B I Ff - % SS O
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