THE FULL QUESTION: https://www.chegg.com/homework-help/questions-and-answers/jason-james-started-jj-asian-cuisine-01st-july-following-transactions-occurred-july-amount-q53662255

Continued:

Adjustments Depreciation is calculated on a STRAIGHT LINE method Vacumn Sealer machine; Estimated useful life 6 years with zero residual value. Bowl Sealing machine; Estimated useful life 5 years with zero residual value. Website Set Up Costs; Depreciate over three years A physical count of the Packaging Supplies on hand at the end of the month revealed;
Units Containers 1,920 Bowls 160 Vacuum seal bags 660 The rent amount paid covers three months; one month of this amount has been USED. Electricity and Gas used for the month (Electricity and Gas is paid on a quarterly basis at the end of each quarter) $ 323.20 Water used for the month (Water is billed and paid at the end of each quarter) $ 58.80

A. Prepare necessary adjustments for depreciation expense and other expenses for the month

B. Prepare the income statement for JJ Asian Cuisine for the month ending 31 July

C. Prepare the balance sheet statement for JJ Asian Cuisine as at 31 July