The following information relates to YogaGuru for the year ended30 June 2020.
Prepaid rent | 14,500 |
Accounts payable | 52,700 |
Electricity expense | 7,500 |
Unearned revenue | 11,600 |
Wages payable | 12,500 |
Accumulated depreciation- Equipment | 8,600 |
Capital | ? |
Rent expense | 32,000 |
Cash at bank | 75,800 |
Wages expense | 135,400 |
Supplies | 3,900 |
Service revenue | 282,600 |
Bank Loan (due in 2025) | 38,000 |
Accounts receivable | 7,500 |
Drawings | 4,000 |
Equipment | 235,200 |
Depreciation expense-Equipment | 8,600 |
Required: Prepare an Income Statement , a fully classified Balance Sheet in narrative format and a Statement of Changes in Equity for the yearended 30 June 2020 for YogaGuru.
Income Statement:
Fully narrative Balance Sheet:
Statement of Changes in Equity
