Druella's Dog Grooming Salon Pty Ltd's trial balance is shown below.

Required

(a) Prepare a worksheet for Druella's Dog Grooming Salon Pty Ltd. Use the following information to make adjusting entries.
i. Supplies on hand at 30 June, $630.
ii. Depreciation on the store equipment, $16 600.
iii. Interest accrued on the loan payable, $3950.
iv. Income tax expense and payable for the year, $38 740.

(b) Prepare an income statement, a statement of changes in equity and a balance sheet for the year ended 30 June 2026.

(c) Prepare closing entries.

Transcribed Image Text:

DRUELLA'S DOG GROOMERING SALON PTY LTD Unadjusted trial balance as at 30 June 2026 Account Cash at bank Accounts receivable Inventory Supplies Salon equipment Accumulated depreciation-store equipment Accounts payable Loan payable Share capital Retained earnings Sales Sales returns and allowances Discount received Cost of sales Debit Credit $ 83 470 89 290 117 330 1 630 187 040 $ 40 050 18 930 52 610 179 640 44 830 597 930 5 420 5 120 348 420