Question Completion Status: QUESTION 1 The trial balance shown below summarises the year's activities for Daniel Consulting Pty Ltd DANIEL CONSULTING PTY LTD Unadjusted Trial Balance as at 30 June 2022 Account Debit Credit Cash at bank $ 15 600 Accounts receivable 46 000 Supplies 142 000 Office supplies 8 000 Equipment 520 000 Accumulated depreciation 165 000 Accounts payable 20 000 Loan to Director 120 000 Share Capital 237 600 Retained Earnings 120 000 Fees revenue 610 000 Rent Expense 65 000 Office expenses 27 000 Wages expense 142 000 General expenses 67 000 $1152 $1152 600 600 The following additional information should be considered. 1. Inventory of supplies on hand at 30 June is $16 400; $2400 office supplies are on hand. 2. Depreciate equipment at the rate of 15% p.a. on cost ($520 000). 3. Rent of $5000 has been paid in advance and has been debited to rent expense. lose hut not noid $162027 000 Wages expense 142 000 General expenses 67 000 $1152 $1152 600 600 The following additional information should be considered. 1. Inventory of supplies on hand at 30 June is $16 400; $2400 office supplies are on hand. 2. Depreciate equipment at the rate of 15% p.a. on cost ($520 000). 3. Rent of $5000 has been paid in advance and has been debited to rent expense. 4. Wages earned by the employees but not paid, $1620. Required (Copy- paste the template provided into the answer space provided on vUWS) a. Prepare a 10-column worksheet for the year ended 30 June 2022. (15 marks) b. Journalise the closing entries. (Narrations are required) (5 marks) c. Prepare a statement of changes in equity. (5 marks) d. Journalise the reversing entries (if any). (Narrations are required) (5 marks) k Save and Submit to save and submit. Click Save All Answers to save all answers