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Question   The unadjusted trial balance of H’s Cars Rentals is shown below (Ignore GST):  
 H’S CAR RENTALS Unadjusted Trial Balance as at 30 June 2016   Account  Debit Credit   Cash at bank Accounts receivable Office supplies Rental cars Accumulated depreciation – rental cars Office equipment Accumulated depreciation – office equipment Accounts payable Unearned Rental fees H. Savva, Capital H. Savva, Drawings Rental revenue Insurance expense Wages expense Advertising expense Maintenance expense Fuel and oil expense  $ 8 140 14 360 640 93 600  6 200      20 600  8 180 50 620 3 880 7 600   10 680      $     39 400   3 500 14 040 2 260 66 600  98 700                        $ 224 500  $ 224 500            Additional information (a) Petrol purchased on credit for $680 and used during the last week in June has not been paid for or recorded. (b) A physical count showed office supplies totalling $340 were still on hand at 30 June.
(c) Depreciation for 1 year on the hire cars is $12 400. Depreciation on the office equipment is $980. (d) The balance in the Advertising Expense account includes $600 prepayment for an advertising campaign beginning in July. (e) The balance in the Unearned Rental Fees account includes $1800 received in May for rental services completed in June. (f) The June insurance premium of $700 is overdue and has not been recorded as the invoice has not been received. (g) Wages earned but not paid amounted to $1150  
Required A. Prepare a 10-column worksheet for the year ended 30 June 2016.  (14 marks) B. Prepare the income statement for the business for the year ended 30 June 2016.                  (11 marks) C. Prepare a statement of changes in equity for the year ended 30 June 2016.  (5 marks) D. Prepare a balance sheet as at 30 June 2016.



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