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This is the trial balance of Buble Car Wash at the end of 2019: Credit RX4 200 500 6.000 13,000 RM4,000 Unadjusted Trial Balance as
This is the trial balance of Buble Car Wash at the end of 2019: Credit RX4 200 500 6.000 13,000 RM4,000 Unadjusted Trial Balance as at 31 December 2019 Debit Cash Accounts receivable Soap supplies Equipment Accumulated depreciation equipment Accounts payable Capital Withdrawals Fees revenue Depreciation expense - equipment Wages expense Rent expense Utilities expense Total 75.700 1350 25.900 13.300 18.000 7.100 11:400 175,700 Information for the adjustments a Three customers owed a total of RM550 to the business for services provided This transaction has not been recorded yet b. A physical count of supplies shows that RM3.700 worth of soap has been used C. The annual depreciation expense for the equipment was RM2,000 d Decembe's utility expenses of RM135 were notinchuded in the unadjusted trial balance e As of 31 December, RM623 of wages was accrued You are required to: i. Prepare joumal entries to record the adjustments (10 marks) ii. Prepare an income statement for Buble Car Wash (8 marks) iii. Prepare a balance sheet for the business (12 marks)
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