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Accounting for Business - Study Period 1 2021 In-Class Test 2A Name: Student ID: Question 1 (10 Marks) Fill in the table below (have a look at the first line to see what you have to do) Name of Account Classification (A, L, Eq, 1, Ex) Normal Balance (Debit/Credit) Debit Rent (paid for one month and used) Expense (Ex) Drawings Interest Income Office Supplies (not used yet) Food and Drinks (business will sell all of the food and drinks for the month) Accounts Payable Water used for the month Capital Accounts Receivable Motor Vehicle Sales Income Question 2 (10 Marks) You are provided with the following information at the end of June 2021: Name of Account $ Cash Office Supplies (Not Used) Equipment Drawings Food Expense Furniture Accounts Payable Wages Expense Advertising Expense Motor Vehicle Accounts Receivable Rent Expense Capital (1/6/21) Electricity Expense Water Expense Loan Payable Sales Income 17,700 910 136,000 1,560 3,620 23,400 3,780 13,760 2,980 12,800 9,380 1,200 123,830 1,610 340 62,200 35,450 Required: Prepare an Income Statement, a Statement of Changes in Equity and a Balance Sheet for the month ending 30th June 2021