Reference no: EM132670357
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.
|
Outline the implications for the auditor report
: Outline the implications for the auditor's report, if any, assuming that this event is appropriately treated as per requirement (a). Justify your answer
|
|
What is alternative method to radiometric dating
: What is an alternative method to radiometric dating? What are the strengths and weaknesses to this type of dating process?
|
|
Identify and explain four internal control weaknesses
: Identify and explain four (4) internal control weaknesses in the inventory count arrangements of Clearview. Explain the impact of these weaknesses on the audit
|
|
Critiquing quasi-experimental research study
: Identify any ethical, legal, or diversity considerations that may be involved with the research study.
|
|
Prepare a 10-column worksheet for the year ended June
: A physical count showed office supplies totalling $340 were still on hand at 30 June. Prepare a 10-column worksheet for the year ended 30 June 2019
|
|
Perceptual gap between the supervisors and subordinates
: Use the mean scores (average) to determine your results, report the results and analyze the perceptual gap between the supervisors and subordinates.
|
|
What is the fair value of the note on December
: Future value of P 1, 1.17, Future value of an ordinary annuity of P1, 4.25. What is the fair value of the note on December 31, 2021
|
|
Learned about the entire operation
: Summarize the most important points you have learned about the entire operation.
|
|
What is the current price of the bonds
: The $1,000 par value bond pays 4 percent annual interest and has 18 years remaining to maturity. What is the current price of the bonds
|