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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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