Hello,

Can someone please help me with this as soon as possible?

Thank you.

Question 6 Not yet saved Question 6 (20 Marks) Marked out of Part A (4 Marks) 20.00 The Picture Patch is a photography business that films videos on business occasions. In its first year of operations, The Picture Patch generated revenue of $228,000 for services provided, $126,500 of which was on account and still outstanding at the year-end at 30 June 2021. The Picture Patch also received P Flag $15,000 cash in advance on 25 June 2021 for filming a major corporate event in August 2021. question How much service revenue would The Picture Patch has at the year ended 30 June 2021 under: a) the cash basis of accounting? Show calculation. (2 Marks) ) the accrual basis of accounting? Show calculation. (2 Marks) Part B (16 Marks) The unadjusted trial balance and the adjusted trial balance at 30 June 2021 for Waterloo Consultants are as follows. Waterloo Consultants Trial Balance As at 30 June 2021 Unadjusted Trial Balance Account Name Adjusted Trial Balance Debit $ Credit $ Debit $ Credit $ Cash at bank 7,425 7,425 Accounts receivable 7,800 29,700 Prepaid insurance 6,720 6,160 Supplie 2,025 1,350 Equipment 67,500 67,500 Accumulated depreciation 3,375 Accounts payable 6,930 16,930 Salaries payable 6,300 Revenue received in advanc 5,300 5,300 Capital 61,000 $1,000 Service revenue 50,400 72,300 Salaries expense 36,000 42,300 Insurance expenses , 160 6,720 Depreciation expense 3,375 Supplies expense 675 133,630 133,630 165,205 165,205 Required: Journalise the adjusting entries that were made on 30 June 2021. Narrations are required. (16 Marks) Part A Description a) Cash Basis b) Accrual Basis Part B Waterloo Consultants General Journal Date Account Name and Explanation Debit ($) Credit ($)Required: Journalise the adjusting entries that were made on 30 June 2021. Narrations are required. (16 Marks) Part B Waterloo Consultants General Journal Date Account Name and Explanation Debit ($) Credit ($)