Miraculous Marketing is owned by Margaret Miraculous and provides marketing services. The unadjusted trial balance on 30
Question:
Miraculous Marketing is owned by Margaret Miraculous and provides marketing services. The unadjusted trial balance on 30 June 2025 below was prepared by her accountant.
The following additional information is available at 30 June.
1. Unused supplies on hand on 30 June totalled $1600.
2. The Unearned Fees account includes $7100 received for fees earned during June.
3. Estimated depreciation on the office equipment is $17 200.
4. Insurance costing $6500 was consumed during the year.
Required
(a) Prepare a 10-column worksheet for the year ended 30 June 2025.
(b) Prepare an income statement , a statement of changes in equity and a balance sheet.
(c) Journalise the closing entries.
Step by Step Answer:
Accounting
ISBN: 9780730382737
11th Edition
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie