Question: Prepare a Statement of Financial Position using the narrative format as at 30 June 2021. The following represents the adjusted trial balance of Nicholas Kent

Prepare a Statement of Financial Position using the narrative format as at 30 June 2021.
The following represents the adjusted trial balance of Nicholas Kent Architects as at 30 June 2021. Nicholas Kent Architects Adjusted Trial Balance 30 June 2021 Account Credit $ Cash at Bank Sales Revenue 98,900 Loan Payable to ABC Bank due on 25,000 31 December 2023 Capital - N. Kent at 1 July 2020 41,300 Revenue Received in Advance 4,200 Rent expense Wages Payable 4,800 Office Equipment Drawings - N. Kent Depreciation Expense Interest Revenue 4,000 Cleaning expense Accounts Payable 10,400 Wages expense Accumulated Depreciation - Office 12,000 Equipment Accounts Receivable Total 200,600 Debit $ $59,700 22,000 60,000 15,000 6,000 8,700 15,100 14,100 200,600
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
