Refer to the office memorandum below to record the endofperi

Refer to the office memorandum below to record the end-of-period adjustments in the general journal,

post the adjusting entries to the general ledger and complete the adjustments and adjusted trial balance columns in the worksheet.

(Note: Enter accounts in ascending account number order according to the chart of accounts.)

question : work sheet

Trial Balance as at 30 June 20XX Account Number 100 105 110 120 130 140 160 161 Account Debit Credit Bank Account Petty Cash Accounts Receivable Prepaid Insurance Prepaid Rates and Taxes GST Paid (Outlays) Buildings and Improvements (Cost) Accumulated Depreciation - Bldgs and Improvements Hire Equipment (Cost) Accumulated Depreciation -Hire Equipment Motor Vehicles (Cost) Accumulated Depreciation - Motor Vehicles Store Equipment (Cost) Accumulated Depreciation -Store Equipment Accounts Payable GST Collected PAYG Withholding Payable Superannuation Payable Wages and Salaries Payable Bank Loan Capital Drawinqs 7,218.12 200.00 7,520.00 381.25 164.75 2,496.24 350,000.00 43,750.00 110,956.09 29,900.00 14,700.00 170 67,009.00 180 181 190 191 200 210 220 230 240 280 310 315 8,970.00 6,615.00 5,346.00 6,735.43 1,660.00 218,000.00 151,156.00 39,040.00

Solution

Adjustment entries :

1.Wages A/c Dr. $80

To Wages payable A/c $80

(Being wages payable)

2.Insurance A/c Dr. $381.25

Rates and Taxes A/c Dr. $164.75

To Prepaid Insurance A/c $381.25

To Prepaid Rates and Taxes A/c $164.75

3.Superannuation A/c Dr. $414.00

To Superannuation Payable A/c $414.00

(Being Superannuation Payable)

4.Depreciation A/c $3335.00

To Buildings & Improvements A/c $729.00

To Hire Equipment A/c $1924

To Motor vehicles A/c $498

To Store Equipment A/c $184

5.Interest A/c Dr. $1191.67

To Bank Loan A/c $1191.67