Question

Please answer for the last photo:

Prepare an unadjusted trial balance. Remember debits must equal credits.

Case Study Full Accounting Cycle Melissa Days and Kelly Harbor formed the Corporation Sports R Us. They sell sporting goods and give lessons. They have hired you to update their transactions for the business. They have provided you with the opening balances and a list of transactions for the month of June. The company's Chart of Accounts is also included as shown below. The opening balances for the month of June are as follows: Sports R Us Balance Sheet As at May 31, 2019 Assets Liabilities Cash $37,000 Accounts Payable $9,800 Accounts Receivable 12,500 Unearned Revenue 4,200 Prepaid Insurance 9,250 Bank Loan 25,000 Office Supplies 5,000 Merchandise Inventory 8,750 Total Liabilities 39,000 Property, Plant & Equipment 95,000 Stockholder's Equity Accumulated Depreciation (23,000) Common Stock 70,000 Retained Earnings 35,500 Total Stockholder's Equity 105,500 Total Assets $144,500 Total Liabilities & Owners' Equity $144,500 Jun 1 Jun 12 Transactions for the month of June: Purchased sports equipment on account from Modern Furniture (to be recorded i Jun 7 Received cash from customers for various sports camps completed this week Jun 8 Paid rent for the month of June Jun 10 Prepaid insurance for one year Paid utility bill from May Jun 15 Paid bi-weekly wages to employees Paid interest on bank loan Jun 20 Received telephone bill to be paid next month Purchased office supplies from Office Barn on account Jun 25 Made principal payment on bank loan Paid cash dividends to stockholder's Jun 27 Purchased Inventory for the store on account from Sports World Record monthly cash sales for the store Jun 30 Record COGS for monthly sales Jun 15 $11,000 $24,250 $2,900 $2,400 $1,900 $5,750 $300 $650 $1,700 $4,000 $2,500 $11,500 $13,500 $8,750 Jun 22 Jun 26 Jun 30

Answer 1

Unadjusted Trail Balance

  Sports R Us

June 30,2019

PARTICULARS	DEBIT($)	CREDIT($)
Cash	55,000
Accounts Receivable	12,500
Prepaid Insurance	11,650
Office Supplies	6,700
Merchandise Inventory	11,500
Property,Plant & Equipment	1,06,000
Accumulated Depreciation		23,000
Accounts Payable		32,750
Salaries Payable
Interest Payable
Unearned Revenue		4,200
Bank Loan		21,000
Common Stock		70,000
Retained Earnings		35,500
Dividends	2,500
Service Revenue		24,250
Sales Revenue		13,500
Advertising Expense
Cost of Goods sold	8,750
Insurance Expense
Maintenance Expense
Rent Expense	2,900
Telephone Expense	650
Salaries Expense	5,750
Office Supplies Expenses
Depreciation
Interest Expense	300
TOTAL	2,24,200	2,24,200