Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. part b (16 marks) the unadjusted trial balance and

Part B (16 Marks) The unadjusted trial balance and the adjusted trial balance at 30...

70.2K

Verified Solution

Question

Accounting

image

Part B (16 Marks) The unadjusted trial balance and the adjusted trial balance at 30 June 2021 for Hornsby Consultants are as follows. Hornsby Consultants Trial Balance As at 30 June 2021 Unadjusted Trial Balance Adjusted Trial Balance Account Name Debit $ Credit $ Debit $ Credit $ Cash at bank 8,500 8,500 Accounts receivable 11,500 20,000 Prepaid rent 2.000 Supplies 3,400 1,600 Equipment 42.000 42,000 Accumulated depreciation 3,500 17,000 17,000 Accounts payable Wages payable 5,800 Revenue received in advance 4,900 4,900 45,000 45,000 Capital Service revenue Wages expenses 65,400 73.900 42,300 48,100 Rent expenses 22,000 24,000 Depreciation expense 3,500 Supplies expense 600 2,400 132,300 132,300 150,100 150,100 Required: Journalise the adjusting entries that were made on 30 June 2021. Narrations are required. (16 Marks)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students