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This question has two (2) parts Part A The following information relates to Michael's Mobile Pet Grooming Service for the month of July 2022.
This question has two (2) parts Part A The following information relates to Michael's Mobile Pet Grooming Service for the month of July 2022. July 2 The business purchased grooming supplies on credit for $800. July 10 Michael provided grooming services to S. Lawton's three dogs for $1,200. Mrs Lawton paid $500 in cash and Michael agreed to receive the balance next month. July 15 The business paid $900 to advertise on the side of a local bus. July 18 The business received payment of $1,800 from a client for amounts owed relating to services provided the previous month. July 23 Michael hired an assistant to work on the weekends for a weekly wage of $300. The assistant is due to start working for Michael in August. July 29 Michael withdrew $1,700 from the business to purchase a new iPad for his son's 19th birthday in August. Required: Prepare the general journal entries to record the above transactions for the month of July 2022. Narrations ARE required (9 marks). Part B Lydia Garret Dressmaking had the following account balances as at 30 June 2022 Balance Account Name Account Name Balance $ Prepaid Insurance 4,800 Accounts 5,200 Receivable Dressmaking Revenue 9,200 Accounts Payable 4,900 Capital - L. Garret 20,000 Drawings - L. Garret 3,400 Interest Payable Sewing Equipment 3,500 Electricity Expense 15,000 Cash at Bank 4,500 14,700 Required: Prepare an unadjusted trial balance as at 30 June 2022 for Lydia Garret Dressmaking (6 marks)
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