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The unadjusted trial balance ofABC's Financial Consultant, contains the following account balances as at 30 June 2017 ABC FINACIAL CONSULTAT Unadjusted TrialBalance, as at 30
The unadjusted trial balance ofABC's Financial Consultant, contains the following account balances as at 30 June 2017 ABC FINACIAL CONSULTAT Unadjusted TrialBalance, as at 30 June2017 ccount it 9 260 920 1 140 60 000 AccountsReceivable GSTReceivable Office Supplies Land Buildmg Accumulated Depreciation -Building 152 000 S 64 000 23 400 ent Accumulated Depreciation-Office Equipment AccountsPavable 6 420 7 960 1 560 Uneamed Consultng Fees GSTPayable 2000 Mortgage Pavable 88 600 71 490 C. Delaney, Capital C. Delaney, Drawings Consulting Fees Revenue Insurance Expense Salaries 52 780 156 860 1660 87 940 760 2 090 se se Interest se Telecommunications Expense Total S398 890 S398 890 The following additional account tidles are included in the chart of accounts Prepaid Insurance Telecommunications Expense Payable Office Supplies Expense Depreciation Expense-Buildings Depreciation Expense-Office Equipment Interest Payable Salaries Payable The followimg imformation is also available: 1. A physical count of office supplies reveals that supplies totalling $420 are on hand at 30 June. 2. ThebalanceintheUneamedConsultingFeesaccountincludesS1200eamedforservices rendered in the last week of June. 3. Estimated depreciation on the office equipment is $2140. Depreciation on the buildmgis 4. A 12-month imsurance policywas purchased on 1 April for S780 plusGST 5. The Junemonthly mortgage payment of S900 has not been paid or recorded. In each payment, $220 is attributable toimterest. 6. The June telecommunications costs for $320 are unrecorded. No tax invoice has been received 7. Salaries of S980 were owing to employees at 30 June2017. Required: 1. Prepare a 6-column worksheet for the year ended 30 June 2017. Use the same format ofthe column worksheetprovided. 2. Prepare the income statement, balance sheet (Narrative Fomat) and statement of changes in equity ABC Financial Consultant- Worksheet for the year ended 30 June 2017 Unadjusted trial balance Debit Adjustments Credit Adjusted trial balance Debit Account Title Credit Debit Credit Caah at Bank Accounts Racaivable. GST Recaivable. Office Supplies Building Accumulated Depreciation-Building. Office Equipment Accumulated Depreciation-Office Unaamed Consulting Feas C. Dalaney. Capital C. Dalaney. Drawings Consulting Fe Revanue Insurance Expanse Salaries Expanse Electricity Expanse Interest Expanse Telecommunications Expanse 890 890
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