Complete the adjusted trial balance extract for the accounting period ending 30 June 2022 (see figure 10.117).
Question:
Complete the adjusted trial balance extract for the accounting period ending 30 June 2022 (see figure 10.117). Enter new accounts if required, as well as the amount for each adjustment, and complete the trial balance post-adjustment columns.
Each part is to be treated independently from the other.
Transcribed Image Text:
Extract Adjusted Trial Balance as at 30 June 2022 Trial Balance Debit Credit a. Stationery expense incurred not paid $1485 ($1350 + $135 GST) 6760 Stationery Expense Accrued b. Annual insurance paid 1 April 2022 $4620 ($4200+ $420 GST) Insurance 8 000 Expense Prepaid c. 9.5% $20000 investment, 6 monthly interest due 31 October 2022 Interest Received 1583 Revenue Accrued d. Rent received for 13 months Rent Received 25 441 Revenue Received in Advance e. Further bad debt write-offs $880 ($800 + $80 GST) Accounts Receivable 65 241 Bad Debts Expense 2310 GST Payable f. Doubtful Debt Allowance 5% of e. above Allowance for Doubtful Debts Doubtful Debts Expense g. Computer $16500 ($15000+ $1500 GST) depreciated over 3 years from 1 April 2021 2000 Adjustments Trial Bal Post Adj Debit Credit Debit Credit 2 500
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Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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