The ledger of Michelle Watson, Financial Consultant, contains the following account balances on 30 june 2011.
Details are attached in pdf.
The following additional account titles are included in the chart of accounts:
Prepaid Insurance
Telephone Expense Payable
Office Supplies Expense
Depreciation Expense
Interest Payable
The following information is also available:
1. A physical count of office supplies reseals that supplies totaling $415 are on hand at 30 June.
2. The balance in the Unearned Consulting Fees account includes S210 earned for services rendered in the last week of June.
3. Estimated depreciation on the office equipment is $2140. Depreciation on the building is $8760.
4. A 12-months insurance policy was purchased on 1 March for $1000 plus GST
5. The June monthly mortgage payment of $900 has not been paid or recorded. In each payment $170 is attributable to interest
6. The June telephone costs for $165 are unrecorded. No tax invoice has been received.
Required
A. Prepare a 10-column worksheet for the year ended 30 June 2011.
B. Prepare the income statement, balance sheet and statement of changes in equity.
C. Journalize the closing entries.
Attachment:- Table.pdf