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Key: 095 Proprietor:
Dr.Furball Fixer Name:
Best friends Vet Clinic
Description: Animal Surgery

The business has the following opening balances: Cash at Bank $18,159 Account Receivable $23,693 Motor Vehicle $37,091 Account Payable $7,569 Bank loan (due 2010) $27,478 Medical Equipment $33,392 Office supplies $630 Medical supplies $1,976 Additional information: Bank loan interest rate (%per year) 10 Motor vehicle useful life (years) 4 Motor vehicle scrap value($) 5390 Insurance paid for (months) 4 Rent paid for (months) 5 Medical equipment useful life(years) 4 Medical equipment scrap value ($) 2053 Closing stock of office supplies on 30/6($) 792 Closing stock of medical supplies on 30/6($) 1676 Comment -This business was purchase on 1June You are required to prepare a general journal entry to incorporate the opening balance into the current period, including the balance Capital. -You will need to refer to the additional information section for your Balance Day Adjustments -The rent and insurance period start on 1June. -Show three type of revenue, namely pet consultation, vaccination and desexing fee. All revenues received were for the month of June. -Unless otherwise indicated, all transactions are on a cash basis. Use one general Account Receivable for all debtor and one general account payable for creditor -Your B/S should show sweet asset and liability divided into all creditor. -Staff work a 7-day week and are paid on the 8th day. Date Description Amount 1/6 Purchase medical supplies –Account $639 1/6 Purchase office supplies –Account $443 1/6 Sundry Expenses $188 2/6 Paid General Insurance $2,588 2/6 Payment to Account payable $628 2/6 Purchase medical supplies—Cash $415 2/6 Desexing—Cash $2,311 2/6 Pet consultation –Cash $2,384 3/6 Receive payment from Account Customers $1,702 4/6 Rent for Business Premises $4,456 5/6 Advertising Expense—Cash $393 7/6 Motor vehicle Expenses $206 7/6 Receive Payment from Account Customers $1,418 8/6 Staff wages $1,331 10/6 Vaccination—Cash $1,165 11/6 Sundry Expense $191 13/6 Cash Withdraw by owner $520 14/6 Advertising Expense—Account $685 15/6 Vaccination—Cash $1,060 15/6 Staff wages $1,331 17/6 Cash withdraws by owner $421 18/6 Payment to Account Payable $596 18/6 Purchase office supplies –Account $377 19/6 Pet consultation –Account $1,433 20/6 Payment to Account Payable $617 20/6 Vaccination—Cash $1,361 21/6 Vaccination—Account $1,110 22/6 Staff Wages $1,331 23/6 Desexing—Cash $2,942 23/6 Advertising Expense-Account $643 24/6 Purchase medical supplies—Account $629 24/6 Pet consultation –Cash $2,127 24/6 Purchase medical supplies –Cash $308 25/6 Vaccination—Account $814 26/6 Sundry Expenses $113 27/6 Additional cash contributed by owner $3,870 27/6 Advertising Expense—Cash $492 29/6 Staff Wages $1,331 30/6 Motor Vehicle expense $282 30/6 Pet consultation –Account $1,138