Question
The unadjusted trial balance of Coppers Hire Cars is shown below (ignore GST). Coppers Hire Cars Unadjusted Trial Balance As at 30 June 2019 Account
The unadjusted trial balance of Coppers Hire Cars is shown below (ignore GST). Coppers Hire Cars Unadjusted Trial Balance As at 30 June 2019 Account Debit Credit Cash at bank $ 8,140 Accounts receivable 12,860 Office supplies 640 Prepaid insurance 2,700 Hire cars 93,600 Accumulated depreciation - hire cars $ 39,400 Accounts payable 10,800 Unearned hire fees 2,260 H. S. Capital 68,340 H. S. Drawings 20,600 Hire fees revenue 98,700 Insurance expense 8,180 Wages expense 50,620 Advertising expense 3,880 Maintenance expense 7,600 Fuel and oil expense 10,680 Total 219,500 219,500 Additional information: Petrol of $580 used during the last week in June has not been paid for or recorded. A physical count showed office supplies totalling $240 are still on hand at 30 June. The $2700 prepaid insurance that covers the next 9 months (starting from 1 June) was purchased on 1 June. For the $2260 Unearned Hire Fees, 1200 has been earned in June. The monthly depreciation for Hire cars is $2000. Required: Prepare end of month adjusting entries for the entity. Ignore narration. You may wish to copy the following table for your answer.
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