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Using the provided data, you will analyse and transform it 10-column worksheet Properly...

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Accounting

Using the provided data, you will analyse and transform it

10-column worksheet

Properly classified income statement for the month ended 30 June 2019

Statement of changes in equity for the month ended 30 June 2019

Properly classified balance sheet as at 30 June 2019 image

Comments: - Assume that this assignment involves an existing business that was purchased by the new owner on 1 June 2019. - Note the list of transactions is in date order, left to right, line by line. - Use three separate ledger accounts for revenue, namely rental commission, auction commission and advertisement placement fees. All revenues relate to the month of June. - Transactions involve cash unless specified as 'Account'. - Record payments for rent and insurance in prepaid accounts initially. - Information relevant to complete adjusting entries can be found in the top right section of this page. - The periods to which the rent and insurance apply commence on 1 June. - Round your calculations to the nearest dollar

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