From the following pre-adjustment trial balance of Clarence Way as at 30 June 2022 (figure 11.18) and the balance day adjustment listing, prepare an 8-column worksheet.

Adjustments required as at 30 June 2022 are listed below.
a Closing inventory was $14 685.
b A further $495 ($450 + $45 GST) was written off as a bad debt.
c The allowance for doubtful debts was increased to $850.
d Depreciation of office equipment is 15% p.a.
e Advertising was prepaid $750.
f Salaries have accrued $895.
g Goods $380 were received and included in closing inventory value, but the supplier’s tax invoice has not yet been processed.

Transcribed Image Text:

Bank Accounts Receivable Control Allowance for Doubtful Debts Inventory [1 July 2021] GST Receivable Office Equipment Trial Balance of Clarence Way as at 30 June 2022 Accumulated Depreciation - Office Equipment Accounts Payable Control GST Payable Capital Sales Purchases Advertising Salaries Insurance Bad Debts Expense 23 188 13 783 20 430 1400 33 907 48 080 4 285 25 575 2 185 952 173 785 350 100 13 490 4 653 2 500 42 517 110 275 173 785