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The following T-accounts record the transactions occurred in Finest Services during the financial year ended 30 June 2020. Cash at bank Accumulated depreciation - Equipment
The following T-accounts record the transactions occurred in Finest Services during the financial year ended 30 June 2020. Cash at bank Accumulated depreciation - Equipment (i) ( 750 1,800 (a) (e) (f) 128,250 (c) 7,500 (d) 3,000 (h) (i) 1,350 900 1,500 Supplies 4,500(k) Prepaid insurance 1,800 (b) 2,250 (c) Depreciation expense - Equipment Accounts payable 900 (b) 4,500 6) 750 (h) (a) a Equipment 5,250 Capital (a) 133,500 Service revenue (e) 22,500 (g) Marketing expense 1,350 (d) 1,500 Drawings 1,500 Accounts receivable (e) 15,000 (0) Supplies expense 2,250 Unearned revenue 1,500 (f) 3,000 (k) (g) a) Calculate the following items using the information provided in the T-accounts. Indicate whether the amount is a debit or credit balance. (6 marks) For money amounts, round your answer to the nearest dollar. Do not include $. Do not use comma separators. Do not use negative numbers nor brackets. For example, 123456 would be the correct format. Items Amount Debit or Credit Total Current Assets Total Assets . Total Liabilities
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