1. A truck was acquired for RM96,000 on 1 Jan 2020. The truck is expected to be replaced with a newer model at the end of its fifth year with a trade-in value estimated to be around RM21,000. The value of the truck and its accumulated depreciation at the end of the third year, are shown as: A. Truck RM57,600; Accumulated Depreciation RM57,500 B. Truck RM75,000; Accumulated Depreciation RM75,000 C. Truck RM45,000; Accumulated Depreciation RM51,000 D. Truck RM51,000; Accumulated Depreciation RM45,000 2. An office building with an acquisition cost of RM960,000 on 1 April 2019 is depreciated at 10% per annum. The necessary adjusting entry for the period ended at 31 December anin :- 3. The balance in the Office Supplies account before adjustment at 31 December 2019 was RM48,000. A physical check on office supplies has indicated an available balance of RM8,000. The adjusting entry necessary is: Which of the followings is the adjusting entry to record accrued revenue? A. Debit Accounts Payable; credit Unearned Fees B. Debit Accounts Payable; credit Fees Earned C. Debit Accounts Receivable; credit Fees Earned D. Debit Accounts Receivable; credit Unearned Fees 6. Foursome Enterprise has a total monthly salary of RM45,000 that is normally paid on the fifth (5th) of the following month. What should be the entry to record the salary expense at the and of avery manth? 7. Which of the following circumstances will cause an asset to be overstated if no adjusting entry is made when the accounting year ended on 31 March 2020 ? A. A rental deposit of RM900 for 3 months paid on 31 March 2020. B. A monthly utility bills for June paid on 31 March 2020. C. A six-month subscription fees of RM1,200 received on 1 October 2019. D. An annual building insurance for RM2,400 paid on 1 January 2020. 8. The effect of missing a rental expense entry will cause which of the followings? A. an asset will be overstated, and a liability will be understated. B. an expense will be understated, and an asset will be understated. C. a liability will be overstated, and the owner's equity will be overstated. D. an expense will be understated, and the asset will be overstated. 9. An advance rental of RM4,500 for 3 mnntho Which of the followings is the adjusting entry to record an accrued revenue of RM500? Debit (RM) Credit (RM) A. Accounts Receivable Fees Earned B. Accounts Receivable Unearned Fees C. Accounts Payable Unearned Fees D. Accounts Payable Fees Earned RM500 RM500 RM500 RM500 RM500 RM500 RM500 RM500