The ledger of P. Oodle, Veterinary Surgeon, contains the accounts and account balances shown below on 30 June 2019.

The following account titles are included in the chart of accounts.
• Interest Payable • Salaries Payable • Rates Payable • Unearned Fees • Depreciation Expense — Building • Depreciation Expense — Equipment

• Rates Expense The following information has not yet been recorded.
1. Rates owing at 30 June, $4820.
2. Depreciation on the equipment is $3680. Depreciation on the building is $9600.
3. An advance fee payment of $600 for minor surgery to be performed in July 2019 was credited to Fees Earned.
4. The mortgage contract provides for a monthly payment of $1000 plus accrued interest. The June payment was not made. Interest of $260 is accrued on the mortgage.
5. Prepaid insurance of $1340 has expired.
6. Salaries earned but not paid amount to $2360.

Required

(a) Prepare a 10‐column worksheet for the year ended 30 June 2019.

(b) Prepare an income statement, a statement of changes in equity and a balance sheet.

(c) Journalise the closing entries.

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Account Cash at Bank Accounts Receivable Prepaid Insurance Land Building Accumulated Depreciation Building Equipment Accumulated Depreciation Equipment Accounts Payable Mortgage Payable P. Oodle, Capital P. Oodle, Drawings Fees Earned Rent Revenue Salaries Expense Telephone Expense Interest Expense Insurance Expense Debit $ 12600 11 800 1800 180 200 196 000 32 300 86 500 124 600 4520 3 080 36 480 $689 880 Credit $ 86900 8800 16400 64000 236950 262 430 14400 $689 880