A list of account balances for Mr Tanners business Robotics at the end of the 30 June
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A list of account balances for Mr Tanner’s business Robotics at the end of the 30 June 2020 reporting period is shown below. Prepare the statement of profit or loss for the reporting period, and the equity balance at the end of the year.
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Cash Receivables Office supplies Prepaid insurance Plant and equipment Accumulated depreciation - plant and equipment Accounts payable Salaries payable Rent received in advance Share capital Retained earnings Service revenue Rent revenue Supplies expense Rent expense Insurance expense Depreciation expense Salaries expense $'000 52 000 28 000 2 400 1 300 250 000 58 600 41 200 12 000 24 000 150 000 32 000 356 000 28 000 35 000 59 000 4 200 41 300 228 600
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Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730369325
7th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver, David Bond
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