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ABC Pty Ltd Trial Balance as at 30 June 2022 Account Title
ABC Pty Ltd Trial Balance as at 30 June 2022 Account Title...
| ABC Pty Ltd | ||
|
Trial Balance as at 30 June 2022 |
||
| Account Title | Debit ($) | Credit ($) |
| Cash | 182,550 | |
| Accounts Receivable | 181,500 | |
| Supplies | 126,450 | |
| Prepaid Insurance | 11,500 | |
| Plant & Equipment | 128,400 | |
| Accumulated depreciation - Plant & Equipment | 15,680 | |
| Accounts Payable | 119,590 | |
| Unearned Service Revenue | 110,000 | |
| Income Tax Payable | 13,175 | |
| Bank Loan | 115,500 | |
| TG, Capital | 150,000 | |
| Service Revenue | 280,250 | |
| Electricity Expense | 12,500 | |
| Salaries Expenses | 124,450 | |
| Rent Expense | 11,800 | |
| Postage and Telephone Expense | 13,250 | |
| Interest Expense | 11,795 | |
| 804,195 | 804,195 | |
Adjustment data at 30 June 2022:
- Pre-paid insurance expired, $1700.
- Depreciation for the year, $12 840.
- Accrued salary expense at 30 June 2022, $12 800.
- Unearned service revenue still unearned, $15 000.
- Supplies at the end of the year, $20 000.
Required:
Prepare,
- The adjusting journal entries.
- Make an Adjusted Trial Balance.
- The Income Statement
- The Statement of Changes in Equity
- The classified Balance Sheet, in side-by-side or report form
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