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