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You are the accountant for XYZ Ltd. By the end of 05/2020, you have recorded amounts for the company accounts as Table 1 below. Table

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You are the accountant for XYZ Ltd. By the end of 05/2020, you have recorded amounts for the company accounts as Table 1 below. Table 1 Accounts at 31/05/2020 Items Amount $ Accounts payable 6,000 Cash 40,000 Supplies 1,000 Inventory (fully assembled PCs) 60,000 Equipment 22,000 Accounts receivable from sales 24,000 Accumulated depreciation 4,000 Short-term Loan (payable in July 2020) 17,000 Unearned revenue 3,000 Following events happened in June. 1 June The company purchased $4,000 packaging supplies for computer delivery package on credit. 2 June The company recruited one apprentice whose monthly salary is 3,500. 5 June The company purchased some computer assembly equipment for $3,000 cash. 10 June A staff member, Eric, is retiring in 2 weeks' time, because he won a significant lottery prize. The company decided not to recruit a new one to save $55,000 per year. 13 June The company paid staff wages $24,000. 15 June Credit sales of $35,000 were made. Cost of these computers is $20,000. 17 June Cash sales $8,000 were made. Cost of these computers is $5,000. 25 June A customer pre-paid $3,000 to order a customized computer. 27 June The company was awarded as the Best Computer Shop by the local community. 28 June 50% of last month's Sales on Credit was collected. 29 June You have identified an error in the accumulated depreciation account and recalculated the amount for accumulated depreciation account. The correct amount by the end of June 2020 should be $3,000 30 June One of your customers called in to notify you he would like to cancel the deal he is currently negotiating with you. This deal is worth $45,000. At 30 June 2020 what is the closing balance of Equipment? In your answer please do not include any special symbol like "," or "." No decimal places. If your answer is a negative figure, put "-" in front of it. e.g.-1000 Question 13 At 30 June 2020 what is the closing balance of Accounts Receivable? In your answer please do not include any special symbol like "," or "." No decimal places. If your answer is a negative figure, put "-" in front of it. e.g.-1000 Question 14 0. At 30 June 2020 what is the closing balance of Accumulated Depreciation? In your answer please do not include any special symbol like "," or "." No decimal places. If your answer is a negative figure, put "-" in front of it. e.g.-1000 Question 15 0.5 F At 30 June 2020 what is the closing balance of Short-term Loan? In your answer please do not include any special symbol like "," or "." No decimal places. If your answer is a negative figure, put "-" in front of it. e.g. -1000

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