Dr R Queanbeyan has provided you with the following list of account balances as at 30 June 2022 (figure 11.36)

and balance day adjustments. The business uses a periodic inventory method for recording surgical supplies.

You have been requested to prepare an 8-column worksheet, an income statement and a balance sheet for the past six months.

Balance day adjustments for the six-month period to 30 June 2022 are listed below.

a Inventory of surgical supplies at 30 June 2022 was $10 868.

b Surgical fittings and equipment to be depreciated at 20% p.a., rounded to the nearest dollar.

c Depreciation of motor vehicle is 15% p.a., rounded to the nearest dollar.

d Accrued two months’ interest on loan mortgage.

e Rates are prepaid $6328.

f Accrued salaries are nurse $960, receptionist $872.

Transcribed Image Text:

Account Balances of Dr R Queanbeyan as at 30 June 2022 8% Loan Mortgage on Premises Accumulated Depreciation - Surgery Fittings & Equipment Accumulated Depreciation - Motor Vehicle Bank Capital Cash on Hand Accounts Payable Control Accounts Receivable Control GST Payable GST Receivable Drawings Electricity Fees from Surgery Interest on Loan Mortgage Motor Vehicle Premises Purchase of Surgery Supplies Rates Salary- Nurse Salary Receptionist Stationery Stock of Surgical Supplies (1 January 2022] Surgery Fittings & Equipment Telephone 184 000 38 780 11 016 19 660 211 580 1 500 2612 7 752 1 600 5 600 19 692 6 832 475 056 7 540 146 920 442 800 36 392 9 936 75 276 64 636 1004 9 408 66 636 3 060