Sigma Investments Ltd is a property investment company. They are now in the process of preparing the financial statements for the year ended 30 June 2021. The accountant has identified the following necessary year-end adjustments: (a) Estimated depreciation on office equipment for the year, $4,000. (b) The Prepaid Insurance account has a $2,400 debit balance before adjustment. An examination of insurance policies shows $600 of unexpired insurance. (c) The company collects rent monthly from its tenants. One tenant whose rent is $750 per month has not paid his rent for June 2021. (d) The company has obtained a bank loan for $60,000 at the interest rate of 8% per annum. The interest for June 2021 is still unrecorded. (e) The Office Supplies account has a balance of $990. The unused supplies available in the inventory amounts to $210 on 30 June 2021. Required: Prepare adjusting jour
Sigma Investments Ltd is a property investment company. They are now in the process of preparing the financial statements for the year ended 30 June 2021. The accountant has identified the following necessary year-end adjustments: (a) Estimated
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