The trial balance for Mario's Pizza Palace at 30 June 20XX is presented below: Mario's Pizza Palace Trial balance as at 30 June 20xx Credit Account number 100 110 120 130 Debit 42,350 450 679 1,366 995 586 2,127 19,290 140 150 160 170 171 180 181 200 210 12,137 32,750 11,360 14,767 1,356 17,735 60,275 280 41,127 300 310 400 410 420 183,203 48 522 430 Account Cash Cash float Accounts receivable Inventory - food Inventory - packaging Prepaid advertising Prepaid insurance Motor vehicles (cost) Accumulated depreciation - motor vehicles Store equipment (cost) Accumulated depreciation - store equipment Accounts payable PAYG withholding payable Bank loan Owner's capital Owner's drawings Sales income Sales returns and allowances Discounts received Delivery income Food purchases Purchase returns and allowances Packaging costs Discount given Freight inwards Accountancy fees Advertising expense Bank charges Electricity and gas expense Insurance expense Interest expense Motor vehicles expense Printing, postage and stationery expense Rent expense Repairs and maintenance expense Sundry expenses Superannuation expense Telephone expense Wages expense 500 55,560 14,926 288 510 520 530 540 600 605 610 620 625 630 635 1,138 3,730 871 2,970 1,827 640 645 650 655 932 4,927 495 26,480 690 304 3,414 3,773 37,595 301,765 660 665 670 301,765 Refer to the office memorandum below to record the end-of-period adjustments in the general journal, post the adjusting entries to the general ledger and complete the adjustments and adjusted trial balance columns in the worksheet. ASSIGNMENT RESOURCES Mario's Pizza Palace - Part 3 Question 1 (Note: Enter accounts in ascending account number order according to the chart of accounts numbers.) Review Score OFFICE MEMORANDUM Date: 30/06/20XX To: Maria Italiano SUBJECT: End of period adjustments Adjusting journal entries are required for the following: 1. Wages payable at the end of June are $1,238 2. Transfer 1/3rd of the prepaid insurance to the expense account 3. Transfer 50% of the prepaid advertising to the expense account 4. Superannuation payable for June is $243 5. Record depreciation for the year. Use the straight line (prime cost) method and the rates shown below: a. Motor vehicles - 20% b. Store equipment 10% 6. Interest charged on the bank loan for the month was $87 7. The end of June stocktake has determined that the closing inventory value of food is $1,775 and packaging $3,825. Signed: Accountant GENERAL JOURNAL Page: 20 Date Description Post ref. Debit Credit 20XX June 30 Wages expense es expense 670 1238 160 1238 Wages payable (Wages owing at 30 June 20XX) June 30 Insurance expense 625 160 709 Prepaid insurance (Adjustment for insurance) June 30 Advertising expense 605 150 293 Prepaid advertising (Adjustment for advertising) June 30 Superannuation expense 660 June 30 Superannuation expense 243 660 220 Superannuation payable (Superannuation owing at 30 June 20XX) 7133 June 30 Depreciation Depreciation Accumulated depreciati 615 171 181 3858 3275 Accumulated depreciati (Entry to record annual depreciation on motor vehicles and store equipment) June 30 Interest expense 630 280 Bank loan (Loan interest for the month) Prepaid advertising No. 150 Date Details Post ref. Debit Date Details Post ref. Credit June 1 Balance 586 June Prepaid insurance No. 160 Date Details Post Debit Date Details Pest Credit June 1 Balance 2,127 June Accumulated depreciation - motor vehicles No. 171 Date Details Post ref. Pet Debit Details Date June 1 Post ref. Credit Balance 12,137 Accumulated depreciation - store equipment No. 181 Date Details Post Debit Date - Details Post ref. Post ref. Credit June 1 Balance 11,360 Superannuation payable No. 220 STANDARD VIEW PRINTER VERSION 4 BACK NEXT Superannuation payable No. 220 Date con Details Debit Details Derulo Credit Post ref. CP312 Post ref. Date 243 June 1 June 17 Cash Balance 243 Wages payable No. 230 Date Details Post ref. Debit - Date Details Post Credit June No. 280 Bank loan Date Details Debit Post CP312 Details Post ref. Pest Credit Date 980 June 1 June 20 Cash Balance 18,715 Advertising expense No. 605 Date Details Post ref. Pest Debit Date Date Details Details Post ref. Petite Credit Credit June 1 Balance 3,730 Depreciation No. 615 Date Details Details Post ref. Debit Date Details Pest Credit Pet C ion - June Accumulated depreciation - motor vehicles Accumulated depreciation - store equipment Insurance expense No. 625 Date Details Post ref. Post Debit Date Details Post ref. Post Credit June 1 Balance 1,827 June 1 Balance 3,730 Depreciation No. 615 Date Details Post ref. Post Debit Date Date Details Post ref. Credit June Accumulated depreciation - motor vehicles Accumulated depreciation - store equipment Insurance expense No. 625 Date Details Post ref. Post Debit Debit Date Date Details Pest Credit June 1 Balance 1,827 Interest expense No. 630 Details Post ref. Pet Debit Debit Date Details Post ref. Credit Date June 1 Balance 932 Superannuation expense No. 660 Details Details Post ref. Pet Debit Debit Date Date Details Post ref. Pet Credit Credit Date June 1 Balance 3,414 Wages expense No. 670 Details Post ref. Debit Date Details Post ref. Date June 1 Pest Credit Credit Balance Cash Cash CP312 CP312 34,557 1,519 1,519 17 Mario's Pizza Palace Worksheet as at 30 June 20XX Account number Account Adjustments Adjusted trial balance Unadjusted trial balance Debit Credit 42,350 Debit Credit Debit Credit Cash 100 110 Cash float 450 120 Accounts receivable 679 130 140 150 Inventory - food Inventory - packaging Prepaid advertising Prepaid insurance 1,366 995 586 160 2,127 19,290 170 171 180 12,137 32,750 181 200 210 Motor vehicles (cost) Accumulated depreciation - motor vehicles Store equipment (cost) Accumulated depreciation - store equipment Accounts payable PAYG withholding payable Superannuation payable Wages payable Bank loan 11,360 14,767 1,356 220 230 280 17,735 Owner's capital 60,275 300 310 Owner's drawings 41,127 400 Sales income 183,203 48 410 420 Sales returns and allowances Discounts received 522 430 31 Delivery income Food purchases 55,560 379 500 510 520 530 540 Purchase returns and allowances Packaging costs Discount given Freight inwards 14,926 288 77 Accountancy fees 1,138 ans Adarbinin. URAR- - Advertising expense 605 610 3,730 871 Bank charges 615 Depreciation Electricity and gas expense 620 625 630 2,970 1,827 Insurance expense Interest expense 635 Motor vehicles expense 932 4,927 495 640 Printing, postage and stationery expense Rent expense 26,480 Repairs and maintenance expense 690 304 Sundry expenses 645 650 655 660 665 670 Superannuation expense Telephone expense 3,414 3,773 37,595 Wages expense 301,765 301,765