Pretty Plants Pty Ltd, providing landscaping services, began operations on 1 May 2020. The trial balance as of 30 June 2
Posted: Wed Apr 27, 2022 11:22 am
Pretty Plants Pty Ltd, providing landscaping services, began
operations on 1 May 2020. The trial balance as of 30 June 2020 is
as follows:
Pretty Plants Pty Ltd
Trial Balance
30 June 2020
Account Name
Debit $
Credit $
Cash
30,000
Accounts receivable
24,500
Prepaid insurance
28,800
Supplies
14,800
Gardening equipment
46,400
Accounts payable
25,200
Revenue received in advance
6,400
Share capital
74,500
Service revenue
68,800
Salaries expense
28,300
Telephone expense
2,100
174,900
174,900
In addition to those accounts listed on the trial balance, the
chart of accounts of Pretty Plants Pty Ltd also contains the
following accounts: Accumulated depreciation, Telephone payable,
Depreciation expense, Supplies expense and Insurance expense.
Other transactions were as follows:
Required:
Use the template below to prepare an Adjusted Trial Balance
after adjusting the transactions.
Note: you may need to do your own workings
separately before entering the final answer in the adjusted trial
balance template. Avoid using symbols such as the $ sign and
comma.
Pretty Plants Pty Ltd
Trial Balance
30 June 2020
Account Name
Debit $
Credit $
operations on 1 May 2020. The trial balance as of 30 June 2020 is
as follows:
Pretty Plants Pty Ltd
Trial Balance
30 June 2020
Account Name
Debit $
Credit $
Cash
30,000
Accounts receivable
24,500
Prepaid insurance
28,800
Supplies
14,800
Gardening equipment
46,400
Accounts payable
25,200
Revenue received in advance
6,400
Share capital
74,500
Service revenue
68,800
Salaries expense
28,300
Telephone expense
2,100
174,900
174,900
In addition to those accounts listed on the trial balance, the
chart of accounts of Pretty Plants Pty Ltd also contains the
following accounts: Accumulated depreciation, Telephone payable,
Depreciation expense, Supplies expense and Insurance expense.
Other transactions were as follows:
Required:
Use the template below to prepare an Adjusted Trial Balance
after adjusting the transactions.
Note: you may need to do your own workings
separately before entering the final answer in the adjusted trial
balance template. Avoid using symbols such as the $ sign and
comma.
Pretty Plants Pty Ltd
Trial Balance
30 June 2020
Account Name
Debit $
Credit $