Question
The following represents the adjusted trial balance of Nicholas Kent Architects as at 30 June 2021. Nicholas Kent Architects Adjusted Trial Balance 30 June 2021
The following represents the adjusted trial balance of Nicholas Kent Architects as at 30 June 2021.
Nicholas Kent Architects
Adjusted Trial Balance
30 June 2021
Account | Debit $ | Credit $ |
Cash at Bank | $59,700 |
|
Sales Revenue |
| 98,900 |
Loan Payable to ABC Bank due on 31 December 2023 |
| 25,000 |
Capital - N. Kent at 1 July 2020 |
| 41,300 |
Revenue Received in Advance |
| 4,200 |
Rent expense | 22,000 |
|
Wages Payable |
| 4,800 |
Office Equipment | 60,000 |
|
Drawings N. Kent | 15,000 |
|
Depreciation Expense | 6,000 |
|
Interest Revenue |
| 4,000 |
Cleaning expense | 8,700 |
|
Accounts Payable |
| 10,400 |
Wages expense | 15,100 |
|
Accumulated Depreciation Office Equipment |
| 12,000 |
Accounts Receivable | 14,100 |
|
Total | 200,600 | 200,600 |
Required:
Prepare a Statement of Financial Position using the narrative format as at 30 June 2021. (10 marks)
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