WaveRider Trial Balance as at 30 June 20xx Account Debit Credit Account Number 100 105 7,298.62 200.00 110 7,494.00 120 381.25 130 164.75 140 2,492.11 350,000.00 160 161 43,750.00 170 110,936.82 171 67,028.00 180 29,900.00 181 8,970.00 190 Bank Account - Coastal Credit Union Petty Cash Accounts Receivable Prepaid Insurance Prepaid Rates and Taxes GST Paid (Outlays) Buildings and Improvements (Cost) Accumulated Depreciation - Bldgs and Improvements Hire Equipment (Cost) Accumulated Depreciation - Hire Equipment Motor Vehicles (Cost) Accumulated Depreciation - Motor Vehicles Store Equipment (Cost) Accumulated Depreciation - Store Equipment Accounts Payable GST Collected PAYG Withholding Payable Superannuation Payable Wages and Salaries Payable Bank Loan Capital Drawings Hire Service Income Lesson Income Discounts Received Freight Collected 14,700.00 191 6,615.00 200 5,326.00 210 6,732.62 220 1,660.00 230 240 280 218,000.00 151,156.00 310 315 38.980.00 400 127.179.55 30,810.00 410 420 516.15 430 85.00 440 274.27 600 Profit on Sale of PPE Advertising Bank Charges 2,150.00 605 127.10 610 Cleaning 900.00 615 Depreciation 35,323.00 620 Discounts Given 309.60 625 3,480.50 Electricity Freight Expense 630 1,111.44 635 Insurance 4,193.75 640 Interest Expense 14,002.80 645 Motor Vehicle Expenses 2,610.00 650 118.80 Office Supplies Printing and Postage 655 164.55 660 1,812.25 Rates and Taxes Repairs and Maintenance 665 995.00 670 14,911.82 Surf Instruction Charges Staff Amenities 675 260.83 680 Superannuation 1,404.00 685 Telephone 1,479.60 690 Wages and Salaries 20,200.00 668, 102.59 668, 102.59 Refer to the office memorandum below to record the end-of-period adjustments in the general journal, post the adjusting entries to the general ledger and complete the adjustments and adjusted trial balance columns in the worksheet. (Note: Enter accounts in ascending account number order according to the chart of accounts.) OFFICE MEMORANDUM Date: 30/06/20XX To: Alice Rendell SUBJECT: End-of-period adjustments Adjusting journal entries are required for the following: 1 Wages payable at the end of June - 580.00 2. Transfer the prepaid insurance and prepaid rates balances to their respective expense accounts 3. Superannuation payable for June - $414.00 4. Depreciation for the month: a. Buildings & Improvements - $729 b. Hire Equipment - $1924 C. Motor Vehicles - $498 d. Store Equipment - $184 5. Interest charged on the bank loan for the period - $1191.67 (GST free) Signed: Accountant GENERAL JOURNAL Description Date Post Ref Debit (Wages and salaries payable at the end of June) Name: RATES AND TAXES Date Explanation Post Ref Debit June 1 Balance 1,812.25 Name: SUPERANNUATION Date Explanation Post Ref Debit June 1 Balance 1,404.00 Name: WAGES AND SALARIES Date Explanation Post Ref Debit June 1 Balance 15,600.00 28 Bank Account CPJ12 4,600.00 WORKSHEET Worksheet for period ended 30 June 20XX Acct No. Account Trial Balance Adjustments Adjusted Trial Balance Dr Cr Dr Cr Dr Cr 100 Bank Account 7,298.62 105 Petty Cash 200.00 110 Accounts Receivable 7,494.00 120 Prepaid Insurance 381.25 130 Prepaid Rates and Taxes 164.75 140 GST Paid (Outlays) 2,492.11 Buildings and 160 Improvements (Cost) 350,000.00 161 Accumulated Depreciation - Bldgs and Improvements 43,750.00 170 Hire Equipment (Cost) 110,936.82 Accumulated 171 Depreciation - Hire Equipment 67,028.00 180 Motor Vehicles (Cost) 29,900.00 Accumulated 181 Depreciation - Motor Vehicles 8,970.00 Store 190 Equipment (Cost) 14,700.00 191 Accumulated Depreciation - Store Equipment 6,615.00 200 Accounts Payable 5,326.00 210 GST Collected 6,732.62 PAYG 220 Withholding Payable 1,660.00 230 Superannuation Payable Wages and 240 Salaries Payable 280 Bank Loan 218,000.00 310 Capital 151,156.00 315 Drawings 38,980.00 400 Hire Service Income 127,179.55 410 Lesson Income 30,810.00 420 Discounts Received 516.15 430 Freight Collected 85.00 440 Profit on Sale of PPE 274.27 600 Advertising 2,150.00 605 Bank Charges 127.10 610 Cleaning 900.00 615 Depreciation 35,323.00 620 Discounts Given 309.60 625 Electricity 3,480.50 630 Freight Expense 1,111.44 635 Insurance 4,193.75 640 Interest Expense 14.002.80 645 Motor Vehicle Expenses 2,610.00 650 Office Supplies 118.80 655 Printing and Postage 164.55 660 Rates and Taxes 1,812.25 665 Repairs and Maintenance 995.00 670 Surf Instruction Charges 14,911.82 675 Staff Amenities 260.83 680 Superannuation 1,404.00 685 Telephone 1,479.60 690 Wages and Salaries 20,200.00 668,102.59668,102.59 WaveRider Trial Balance as at 30 June 20xx Account Debit Credit Account Number 100 105 7,298.62 200.00 110 7,494.00 120 381.25 130 164.75 140 2,492.11 350,000.00 160 161 43,750.00 170 110,936.82 171 67,028.00 180 29,900.00 181 8,970.00 190 Bank Account - Coastal Credit Union Petty Cash Accounts Receivable Prepaid Insurance Prepaid Rates and Taxes GST Paid (Outlays) Buildings and Improvements (Cost) Accumulated Depreciation - Bldgs and Improvements Hire Equipment (Cost) Accumulated Depreciation - Hire Equipment Motor Vehicles (Cost) Accumulated Depreciation - Motor Vehicles Store Equipment (Cost) Accumulated Depreciation - Store Equipment Accounts Payable GST Collected PAYG Withholding Payable Superannuation Payable Wages and Salaries Payable Bank Loan Capital Drawings Hire Service Income Lesson Income Discounts Received Freight Collected 14,700.00 191 6,615.00 200 5,326.00 210 6,732.62 220 1,660.00 230 240 280 218,000.00 151,156.00 310 315 38.980.00 400 127.179.55 30,810.00 410 420 516.15 430 85.00 440 274.27 600 Profit on Sale of PPE Advertising Bank Charges 2,150.00 605 127.10 610 Cleaning 900.00 615 Depreciation 35,323.00 620 Discounts Given 309.60 625 3,480.50 Electricity Freight Expense 630 1,111.44 635 Insurance 4,193.75 640 Interest Expense 14,002.80 645 Motor Vehicle Expenses 2,610.00 650 118.80 Office Supplies Printing and Postage 655 164.55 660 1,812.25 Rates and Taxes Repairs and Maintenance 665 995.00 670 14,911.82 Surf Instruction Charges Staff Amenities 675 260.83 680 Superannuation 1,404.00 685 Telephone 1,479.60 690 Wages and Salaries 20,200.00 668, 102.59 668, 102.59 Refer to the office memorandum below to record the end-of-period adjustments in the general journal, post the adjusting entries to the general ledger and complete the adjustments and adjusted trial balance columns in the worksheet. (Note: Enter accounts in ascending account number order according to the chart of accounts.) OFFICE MEMORANDUM Date: 30/06/20XX To: Alice Rendell SUBJECT: End-of-period adjustments Adjusting journal entries are required for the following: 1 Wages payable at the end of June - 580.00 2. Transfer the prepaid insurance and prepaid rates balances to their respective expense accounts 3. Superannuation payable for June - $414.00 4. Depreciation for the month: a. Buildings & Improvements - $729 b. Hire Equipment - $1924 C. Motor Vehicles - $498 d. Store Equipment - $184 5. Interest charged on the bank loan for the period - $1191.67 (GST free) Signed: Accountant GENERAL JOURNAL Description Date Post Ref Debit (Wages and salaries payable at the end of June) Name: RATES AND TAXES Date Explanation Post Ref Debit June 1 Balance 1,812.25 Name: SUPERANNUATION Date Explanation Post Ref Debit June 1 Balance 1,404.00 Name: WAGES AND SALARIES Date Explanation Post Ref Debit June 1 Balance 15,600.00 28 Bank Account CPJ12 4,600.00 WORKSHEET Worksheet for period ended 30 June 20XX Acct No. Account Trial Balance Adjustments Adjusted Trial Balance Dr Cr Dr Cr Dr Cr 100 Bank Account 7,298.62 105 Petty Cash 200.00 110 Accounts Receivable 7,494.00 120 Prepaid Insurance 381.25 130 Prepaid Rates and Taxes 164.75 140 GST Paid (Outlays) 2,492.11 Buildings and 160 Improvements (Cost) 350,000.00 161 Accumulated Depreciation - Bldgs and Improvements 43,750.00 170 Hire Equipment (Cost) 110,936.82 Accumulated 171 Depreciation - Hire Equipment 67,028.00 180 Motor Vehicles (Cost) 29,900.00 Accumulated 181 Depreciation - Motor Vehicles 8,970.00 Store 190 Equipment (Cost) 14,700.00 191 Accumulated Depreciation - Store Equipment 6,615.00 200 Accounts Payable 5,326.00 210 GST Collected 6,732.62 PAYG 220 Withholding Payable 1,660.00 230 Superannuation Payable Wages and 240 Salaries Payable 280 Bank Loan 218,000.00 310 Capital 151,156.00 315 Drawings 38,980.00 400 Hire Service Income 127,179.55 410 Lesson Income 30,810.00 420 Discounts Received 516.15 430 Freight Collected 85.00 440 Profit on Sale of PPE 274.27 600 Advertising 2,150.00 605 Bank Charges 127.10 610 Cleaning 900.00 615 Depreciation 35,323.00 620 Discounts Given 309.60 625 Electricity 3,480.50 630 Freight Expense 1,111.44 635 Insurance 4,193.75 640 Interest Expense 14.002.80 645 Motor Vehicle Expenses 2,610.00 650 Office Supplies 118.80 655 Printing and Postage 164.55 660 Rates and Taxes 1,812.25 665 Repairs and Maintenance 995.00 670 Surf Instruction Charges 14,911.82 675 Staff Amenities 260.83 680 Superannuation 1,404.00 685 Telephone 1,479.60 690 Wages and Salaries 20,200.00 668,102.59668,102.59