a. During June, the company earned $ 3210 of rental fees paid in advance on June 3. b. Office supplies on hand at June 30, are estimated at $ 1160. c. The rental equipment is being is being deprecated over a period of 10 years. d. The advance payment of rent on June 3 covered a period of four months. e. As of June 30 seven days rent onequipment rented to M.L .COMPANY has earned. f. As of June 30,interest accrued on note payable amounted to $ 1050. g. Salaries earned by employees amounted to $ 960. h. Required: A. Prepare ledger in T format. (12 Marks) B. Prepare a ten column work sheet.( 20 Marks) C. Prepare four closing entries from work sheet (08) D. Prepare income statement (03 marks), a statement of equity (04 marks) and a Balance sheet.
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a. During June, the company earned $ 3210 of rental fees paid in advance on June 3. b. Office supplies on hand at June 30, are estimated at $ 1160. c. The rental equipment is being is being deprecated over a period of 10 years. d. The advance payment of rent on June 3 covered a period of four months. e. As of June 30 seven days rent onequipment rented to M.L .COMPANY has earned. f. As of June 30,interest accrued on note payable amounted to $ 1050. g. Salaries earned by employees amounted to $ 960. h. Required: A. Prepare ledger in T format. (12 Marks) B. Prepare a ten column work sheet.( 20 Marks) C. Prepare four closing entries from work sheet (08) D. Prepare income statement (03 marks), a statement of equity (04 marks) and a Balance sheet.