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DEFERRED EXAM – SPRING, 2020School of BusinessSTUDENT SURNAME:QURBANISTUDENT FIRST NAME:HAFIZULLASTUDENT ID:19025070EXAM INSTRUCTIONSRead all the information below and follow any instructions carefully before proceeding.You must save this document, and submit into the ‘Submit Deferred Exam to Turnitin’, located in Final Exam, in the Assessment Zone.UNIT NAME:Techniques in Financial AccountingUNIT NUMBER:200973NUMBER OF QUESTIONS:4VALUE OF QUESTIONS:4 Exam questions, giving a total of 100 marks.ANSWERING QUESTIONS:Answer all questions on the exam paper itself.UNIT COORDINATOR:Stanley JamesTIME ALLOWED:2 hours (and 15mins)TOTAL PAGES:17RESOURCES ALLOWEDOnly the resources listed below are allowed in this exam.Any calculator which has the primary function of a calculator is allowed. Calculators on mobile phones or similar electronic devices are not allowed. Two A4 blank pages and a pen/pencil for working purpose.Deferred Exam Spring, 2020Page 1of 16
PLEASE ANSWER YOUR QUESTIONS WITHIN THIS DOCUMENT AND ENSURE TO SAVE FREQUENTLY. Question 1 (30 Marks)Pragmatic Designs Pty Ltd provides consulting services to the finance industry. The unadjustedtrial balance on 30 June 2020 below was prepared by the accountant.The following additional information is available at 30 June:1. Unused office supplies on hand on 30 June 2020 totalled $170.2. The Unearned Fees account includes $825 received for fees earned during June.3. Office Equipment has a useful life of ten years with no residual value. No additions ordisposals were recorded during the year.4. Advertising costing $725 was consumed during the year.5. Accrued rent of $3,000 for the month of June6. Salaries earned by employees but unpaid as at 30 June 2020 totalled $6 500.PRAGMATIC DESIGNS PTY LTDUnadjusted Trial Balanceas at 30 June 2020AccountDebitCreditCash at bankAccounts receivableGST receivablePrepaid advertisingOffice suppliesOffice equipmentAccumulated depreciation Accounts payableUnearned feesGST payableShare CapitalRetained EarningsConsulting fee revenueRent expenseSalaries expenseTelephone expense$ 15 06014 2301 4702 12075034 62022 24072 5002120$ 2 28010 6702 5802 72030 00016 240100 620$165 110$165 110Required:A.Prepare a 10-column worksheet for the year ended 30 June 2020. (15 marks)