Financial data for Safety Hire as of 30 June 2019 are: Accounts receivable $ 63...
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Accounting
Financial data for Safety Hire as of 30 June 2019 are: Accounts receivable $ 63 000 Wages expense Equipment hire income 170 000 Advertising expense Accounts payable 40000 Land Michael Donato, capital ? Hire equipment Cash at bank 45 000 Loan payable Mortgage payable 130 000 Electricity expense Building 85000 Telephone expense $ 75000 30 000 75 000 180 000 50 000 18000 7500 Required: Prepare an income statement for the month of June and a balance sheet in account format for Safety Hire as at 30 June 2019. (10 marks)
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