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Yellow Pty Ltd prepares quarterly financial statements. The adjusted trial balance on 30 September 2020 is shown below. Using the information provided: Yellow Pty Ltd
Yellow Pty Ltd prepares quarterly financial statements. The adjusted trial balance on 30 September 2020 is shown below. Using the information provided:
Yellow Pty Ltd prepares quarterly financial statements. The adjusted trial balance on 30 September 2020 is shown below. Using the information provided: Yellow Pty Ltd Adjusted trial balance 30 September 2020 No. Account Name Dr Cr 100 Cash 110 Accounts receivable 3,800 3,400 2,100 3,500 120 130 131 200 Prepaid insurance Equipment Accumulated depreciation Equipment Accounts payable Rent revenue received in advance Share Capital Retained earnings 210 1,400 3,200 1,600 4,100 1,800 300 310 311 Dividends 1,200 400 Rent revenue 6,500 2,300 410 500 Service revenue Salaries expense Rent expense Depreciation expense Insurance expense 2,800 3,000 510 520 650 530 450 $20,900 $20,900 (A)Prepare for a statement of profit or loss for the quarter ending 30 September 2020. (B) Prepare for a statement of financial position for quarter ending 30 September 2020Step by Step Solution
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