Please see attached instructions
Classification: Protected A Assignment 2A: Stratford House In Assignment 1, transactions for Stratford House were entered into the General Journal, amounts were posted into the general ledger of accounts, and an unadjusted trial balance was prepared. Assignment 2 continues the accounting work for the organization, Stratford House A description of Stratford House , and their chart of accounts, is repeated below. Stratford House is a non-profit organization that operates an emergency shelter for women and their children in Vancouver. Stratford House earns fee income by providing presentations and information sessions on domestic abuse at workplaces, in schools and for other groups. In addition, the organization also receives government grants and generates some fundraising income each year. Stratford House was incorporated with help from a wealthy private citizen and is governed by a volunteer board. The organization started operations on July 1 2015 . Stratford House: Chart of Accounts Assets Income 101 Cash 401 Fee Income 102 Accounts Receivable - Fees 402 Donations/Pledges Income 103 Accounts Receivable - Donations 403 Government Grant Income 104 Accounts Receivable - Grants 105 Equipment/Furniture Expenses 106 Accumulated Depreciation - Equip/Furn 501 Wages Expense 107 Vehicle 502 Rent Expense 108 Accumulated Depreciation - Vehicle 503 Utilities Expense 109 Prepaid Rent 504 Supplies Expense 110 Prepaid Insurance 505 Insurance Expense 111 Supplies 506 Vehicle Expense 507 Depreciation Expense - Equip/Furn. Liabilities 508 Depreciation Expense - Vehicle 201 Accounts Payable 509 Bad Debt Expense 202 Wages Payable 510 Tax Expense 203 Taxes Payable 204 Unearned Income Equity 301 Retained Earnings 302 Withdrawals Stratford House is required to prepare financial statements on September 30 The following information is known on September 30 2015 : Classification: Protected A Adjustment #1 August 31 The value of supplies on hand is $2,444 Adjustment #2 August 31 Stratford House uses the straight-line depreciation method. The vehicle is expected to have a useful life of 8 years, with a residual value of $1,850 . Adjustment #3 August 31 The furniture and equipment is expected to have a useful life of 15 years with no residual value. Adjustment #4 August 31 The three months of prepaid rent expired on August 31 Adjustment #5 August 31 The three months of prepaid insurance expired on August 31 Instructions: Prepare adjusting entries to reflect the above information. Post the adjusting entries to the general ledger. Prepare an adjusted trial balance as at September 30 2015 . In addition, please prepare the following statements for Stratford House : Statement of Comprehensive Income Statement of Changes in Equity Statement of Financial Position Please use excel for all of this work, to assist with accuracy. Prepare these reports and financial statements to an appropriate business standard.