The trial balance of Sam Landscaping at 30 June 2019 is as follows:
As at 30 June 2019
|Account||Debit ($)||Credit ($)|
|Accumulated Depreciation – Equipment||4,800|
|Unearned Service Revenue||6,000|
|Sam L., Capital||50,500|
|Total||$ 154,300||$ 154,300|
Additional information for the period:
a. The insurance was purchased on 1 May 2019, and it covers a period of 24 months.
b. A physical count reveals $4,000 of landscaping supplies are on hand at the end of 30 June
c. Equipment is depreciated at a rate of 20% each year
d. $1,600 unearned service revenue was earned
e. Accrued salaries are $3,600
Prepare relevant adjusting entries. Ignore narrations.
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