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The following information relates to YogaGuru for the year ended 30 June 2020. Prepaid rent 14,500 Accounts payable 52,700 Electricity expense 7,500 Unearned revenue 11,600

The following information relates to YogaGuru for the year ended 30 June 2020.

Prepaid rent

14,500

Accounts payable

52,700

Electricity expense

7,500

Unearned revenue

11,600

Wages payable

12,500

Accumulated depreciation- Equipment

8,600

Capital

?

Rent expense

32,000

Cash at bank

75,800

Wages expense

135,400

Supplies

3,900

Service revenue

282,600

Bank Loan (due in 2025)

38,000

Accounts receivable

7,500

Drawings

4,000

Equipment

235,200

Depreciation expense-Equipment

8,600

Required: Prepare an Income Statement (6 marks), a fully classified Balance Sheet in narrative format (12 marks) and a Statement of Changes in Equity (4 marks) for the year ended 30 June 2020 for YogaGuru.

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