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Problem - Ziggy Ltd has provided with you with the following information from its accounts for year ended 30 June 2021:
Account balances
$
Wages expense
12,000
Accounts Payable
70,000
Depreciation expense - plant & equipment
4,000
GST Collected
44,000
GST Paid
74,000
Accounts Receivable
Accumulated depreciation - Plant & Equipment
54,000
Bank Loan (due 1 July 2023)
120,000
Service revenue
160,400
Cash at bank
300,000
Capital (as at 1 July 2021)
338,000
Rent expense
16,000
Utilities expense
10,800
Prepaid rent
18,000
Plant and Equipment
168,000
PAYG Withheld
Required - From the above information, prepare fully classified balance sheet as at 30 June 2021.
Financial Statement Analysis and Preparation
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