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The following information relates to Maccas Machinery Services on 30 June 2021. Machinery 135,000 Prepaid Insurance 13,500 Wages Expenses 72,000 Cash at Bank 97,500 Service

The following information relates to Maccas Machinery Services on 30 June 2021.

Machinery 135,000
Prepaid Insurance 13,500
Wages Expenses 72,000
Cash at Bank 97,500
Service Revenue 160,000
Rent Payable 33,750
Depreciation expense - Machinery 13,500
Accounts receivable 13,250
Supplies Expense 15,000
Owner, Drawings 14,000
Unearned revenue 12,500
Supplies 6,500
Electricity Expense 12,500
Accounts payable 9,750
Capital ?
Loan payable (due in 2025) 17,500
Accumulated Depreciation- Machinery 60,000

Required

Prepare a fully classified Balance sheet in narrative format for the financial year (13 Marks)

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