Adjusted Trial Balance
|
Account
|
Debit
|
Credit
|
|
Cash at Bank
|
$866
|
|
|
Accounts Receivable
|
2,722
|
|
|
Supplies
|
1,107
|
|
|
Prepaid insurance
|
687
|
|
|
GST Receivable
|
647
|
|
|
Golf Equipment
|
23,079
|
|
|
Accumulated Depreciation-golf equipment
|
|
$9,209
|
|
Building
|
40,099
|
|
|
Accumulated Depreciation-building
|
|
5,478
|
|
Accounts payable
|
|
5,865
|
|
Interest payable
|
|
710
|
|
Telecommunication expense Payable
|
|
320
|
|
Wages and salaries payable
|
|
362
|
|
Unearned fees revenue
|
|
1,098
|
|
GST payable
|
|
1,502
|
|
Loan from ABC Bank Ltd (non-current)
|
|
23,370
|
|
C. Harpreet Capital
|
|
26,243
|
|
C. Harpreet Drawings
|
9,000
|
|
|
Fees revenue
|
|
24,832
|
|
Depreciation expense- golf equipment
|
2,010
|
|
|
Depreciation expense- building
|
963
|
|
|
Wages and salaries expense
|
8,940
|
|
|
Insurance expense
|
1,704
|
|
|
Interest Expense
|
1,451
|
|
|
Electricity expense
|
1,701
|
|
|
Council rates expense
|
883
|
|
|
Supplies expense
|
2,130
|
|
|
Telecommunication expense
|
1,000
|
|
Additional data taken into account in the preparation of the above adjusted trial balance at June 30 2016:
1. Unearned fees revenue earned during the year, $554
2. Prepaid insurance expired during the year, $1704
3. Accrued interest expense, $710
4. Supplies used during the year, $2130
5. Fees revenue earned but not received, $786
6. Depreciation for the year: golf equipment, $2010; building, $963
7. Accrued wages and salaries expense, $362
Attachment:- worksheet.xls