The unadjusted trial balance of Helena’s Hire Cars is shown below (ignore GST). Helena’s Hire CarsTrial BalanceAs at 30 June 2019AccountDebitCreditCash at bank18,140 Accounts receivable21,340 Office supplies640 Prepaid advertising3,880 Hire cars93,600 Accumulated Depreciation - hire cars 39,400Accounts payable 10,800Unearned hire fees 2,260Helena, Capital 68,340Helena, Drawings20,600 Hire fees revenue 98,700Wages expense50,620 Fuel and oil expense10,680 219,500219,500 Additional information Petrol purchased on credit for $680 and used during the last week in June has not been paid for or recorded.A physical count showed office supplies totalling $340 were still on hand at 30 June.Depreciation for 1 year on the hire cars is $12,400.Prepaid advertising has a balance of $600 at the end of the month.The balance in the Unearned Hire Fees account includes $1,800 received in May for hire services completed in June. Required:Prepare a 10-column worksheet for the year ended 30 June 2019.

Trial balance shows the debit and credit balance of ledgers for transferring in the profit &…

Answered: The unadjusted trial balance of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The unadjusted trial balance of Helena’s Hire Cars is shown below (ignore GST).

Helena’s Hire Cars Trial Balance As at 30 June 2019
Account	Debit	Credit
Cash at bank	18,140
Accounts receivable	21,340
Office supplies	640
Prepaid advertising	3,880
Hire cars	93,600
Accumulated Depreciation - hire cars		39,400
Accounts payable		10,800
Unearned hire fees		2,260
Helena, Capital		68,340
Helena, Drawings	20,600
Hire fees revenue		98,700
Wages expense	50,620
Fuel and oil expense	10,680
	*219,500*	*219,500*

Additional information

Petrol purchased on credit for $680 and used during the last week in June has not been paid for or recorded.
A physical count showed office supplies totalling $340 were still on hand at 30 June.
Depreciation for 1 year on the hire cars is $12,400.
Prepaid advertising has a balance of $600 at the end of the month.
The balance in the Unearned Hire Fees account includes $1,800 received in May for hire services completed in June.

Required:

Prepare a 10-column worksheet for the year ended 30 June 2019.

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