Question
The trial balance of Moe Manufacturing Company at 30 June 2017 and the data needed for the month-end adjustments follow: Moe Manufacturing Company Limited Adjusted
The trial balance of Moe Manufacturing Company at 30 June 2017 and the data needed for the month-end adjustments follow:
Moe Manufacturing Company Limited
Adjusted Trial Balance
as at 30 June 2017
Account
Debit
Credit
Cash
$7 700
Accounts receivable
19 200
Prepaid rent
500
Supplies
700
Equipment
19 900
Accumulated depreciation
$5 200
Accounts payable
4 500
Salary payable
1 100
Unearned service revenue
1 100
Capital
39 500
Drawings
9 500
Service revenue
16 900
Salary expense
4 600
Rent expense
1,900
Depreciation expense
900
Advertising expense
2 800
Supplies expense
600
Total
$ 68 300
$ 68 300
Required
i)Prepare the statement of financial performance (income statement) for the period ended 30 June 2017. (5 marks)
ii)Prepare the statement of changes in equity for the period ended 30 June 2017. (5 marks)
iii)Prepare the statement of financial position (balance sheet) as at 30 June 2017. (10 marks)
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