The unadjusted trial balance of Copper’s Hire Cars is shown below (ignore GST).
Copper’s Hire Cars
Unadjusted Trial Balance
As at 30 June 2019
| Account | Debit | Credit |
| Cash at bank | 8,140 | |
| Accounts receivable | 12,860 | |
| Office supplies | 640 | |
| Prepaid insurance | 2,700 | |
| Hire cars | 93,600 | |
| Accumulated depreciation – hire cars | 39,400 | |
| Accounts payable | 10,800 | |
| Unearned hire fees | 2,260 | |
| H. S. Capital | 68,340 | |
| H. S Drawings | 20,600 | |
| Hire fees revenue | 98,700 | |
| Insurance expense | 8,180 | |
| Wages expense | 50,620 | |
| Advertising expense | 3,880 | |
| Maintenance expense | 7,600 | |
| Fuel and oil expense | 10,680 | |
| 219,500 | 219,500 |
- Petrol of $580 used during the last week in June has not been paid for or recorded.
- A physical count showed office supplies totalling $240 are still on hand at 30 June.
- The $2700 prepaid insurance that covers the next 9 months (starting from 1 June) was purchased on 1 June.
- For the $2260 Unearned Hire Fees; 1200 has been earned in June
- The monthly depreciation for Hire cars is $2000
Required:
Prepare end of month adjusting entries for the entity Ignore narration
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