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The following information relates to Horizon Financial Services on 30 June 2021. Equipment Prepaid Insurance Wages Expenses Cash at Bank Service Revenue Wages Payable Depreciation
The following information relates to Horizon Financial Services on 30 June 2021. Equipment Prepaid Insurance Wages Expenses Cash at Bank Service Revenue Wages Payable Depreciation expense - Equipment Accounts receivable 54,000 5,400 28,800 39,000 64,000 13,500 5,400 5,300 2,760 1,100 5,000 2,600 4,440 3,900 Supplies Expense Owner, Drawings Unearned revenue Supplies Electricity Expense Accounts payable Capital Loan payable (due in 2025) Accumulated Depreciation- Equipment ? 7,000 24,000 Required Prepare a fully classified Balance sheet in narrative format for the financial year (13 Marks)
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