Question

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

Total

219,500

219,500



Additional information:

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.

Answer 1

It's not a question.....