The unadjusted trial balance of Helena’s Hire Cars is shown below (ignore GST). Helena’s Hire Cars Trial Balance As at 30 June 2019 Account Debit Credit Cash at bank 18,140 Accounts receivable 21,340 Office supplies 640 Prepaid advertising 3,880 Hire cars 93,600 Accumulated Depreciation - hire cars 39,400 Accounts payable 10,800 Unearned hire fees 2,260 Helena, Capital 68,340 Helena, Drawings 20,600 Hire fees revenue 98,700 Wages expense 50,620 Fuel and oil expense 10,680 219,500 219,500 Additional information Petrol purchased on credit for $680 and used during the last week in June has not been paid for or recorded. A physical count showed office supplies totalling $340 were still on hand at 30 June. Depreciation for 1 year on the hire cars is $12,400. Prepaid advertising has a balance of $600 at the end of the month. The balance in the Unearned Hire Fees account includes $1,800 received in May for hire services completed in June. Required: Prepare a 10-column worksheet for the year ended 30 June 2019
The unadjusted trial balance of Helena’s Hire Cars is shown below (ignore GST). Helena’s Hire Cars Trial Balance As at 30 June 2019 Account Debit Credit Cash at bank 18,140 Accounts receivable 21,340 Office supplies 640 Prepaid advertising 3,880 Hire cars 93,600 Accumulated Depreciation - hire cars 39,400 Accounts payable 10,800 Unearned hire fees 2,260 Helena, Capital 68,340 Helena, Drawings 20,600 Hire fees revenue 98,700 Wages expense 50,620 Fuel and oil expense 10,680 219,500 219,500 Additional information Petrol purchased on credit for $680 and used during the last week in June has not been paid for or recorded. A physical count showed office supplies totalling $340 were still on hand at 30 June. Depreciation for 1 year on the hire cars is $12,400. Prepaid advertising has a balance of $600 at the end of the month. The balance in the Unearned Hire Fees account includes $1,800 received in May for hire services completed in June. Required: Prepare a 10-column worksheet for the year ended 30 June 2019
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter3: Review Of A Company's Accounting System
Section: Chapter Questions
Problem 11E: Worksheet for Service Company Whitaker Consulting Company has prepared a trial balance on the...
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Question
The unadjusted
|
Helena’s Hire Cars Trial Balance As at 30 June 2019 |
||
|
Account |
Debit |
Credit |
|
Cash at bank |
18,140 |
|
|
|
21,340 |
|
|
Office supplies |
640 |
|
|
Prepaid advertising |
3,880 |
|
|
Hire cars |
93,600 |
|
|
|
|
39,400 |
|
Accounts payable |
|
10,800 |
|
Unearned hire fees |
|
2,260 |
|
Helena, Capital |
|
68,340 |
|
Helena, Drawings |
20,600 |
|
|
Hire fees revenue |
|
98,700 |
|
Wages expense |
50,620 |
|
|
Fuel and oil expense |
10,680 |
|
|
|
219,500 |
219,500 |
Additional information
- Petrol purchased on credit for $680 and used during the last week in June has not been paid for or recorded.
- A physical count showed office supplies totalling $340 were still on hand at 30 June.
- Depreciation for 1 year on the hire cars is $12,400.
- Prepaid advertising has a balance of $600 at the end of the month.
- The balance in the Unearned Hire Fees account includes $1,800 received in May for hire services completed in June.
Required:
Prepare a 10-column worksheet for the year ended 30 June 2019.
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