The following trial balance relates to Amaze Ltd for the month ending 30th June 2021:
Unadjusted Trial Balance of Amaze Ltd for the month ending 30th June 2021
Accounts Dr ($) Cr ($)
Cash at Bank 344,206
Accounts Receivable 20,550
Machinery 148,500
Accumulated Depreciation – Machinery 30,000
Accounts Payable 99,000
Unearned Revenue 94,500
Service Revenue 155,250
Capital 134,506
Totals 513,256 513,256
The following adjustments have yet to be recorded for the month of June 2021:
1. The machinery is depreciated using the straight-line method. The useful life of the machinery is 20 years.
2. During the month of June 2021, $31,000 worth of services, which was previously recorded as unearned revenue, has been provided to customers.
3. On 30th June 2021, the monthly gross salary owed to each employee was $4,800 with a PAYG deduction of $500 for each employee. All 8 employees worked for the full month in June 2021.
Required: Record the above adjustments in the general journal provided below.
(5 marks) General Journal
Date Accounts Dr ($) Cr ($)