You have received a list of balances and balance day adjustments from Dr R Smart (figure 11.41) and have been requested to prepare an 8-column worksheet and then use it to prepare an income statement and balance sheet.

Balance day adjustments on 30 June 2022 were as listed below.
• Depreciation of surgery equipment and fittings $36 754 • Accrual of salaries $2870 • Depreciation of motor vehicle $14 875 • Insurance prepaid $1990 • Interest on mortgage accrued $2345.

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Account Balances of Dr R Smart as at 30 June 2022 Accounts Payable Control Accounts Receivable Control Accumulated Depreciation - Motor Vehicle Accumulated Depreciation - Surgery Equip't & Fit Bank Capital Cash on Hand Computer and Web Expenses Drawings Electricity Fees from Surgery Visits GST Receivable Insurance Interest on Mortgage Mortgage on Premises Motor Vehicle Motor Vehicle Expense Premises Purchase of Surgery Supplies Rates Salaries Stationery Surgery Equipment and Fittings Telephone 1633 4845 36 885 24 238 110 350 314 860 300 13 486 12 307 14 870 494 410 323 25 880 6 900 50 147 92 500 15 326 276 750 42 745 6210 142445 2627 150 397 3912