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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