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1. Show the necessary adjustments for the following transactions: i. Rental Expenses: Paid RM1, 000 in 2020; owed (Accrued) RM200 as at 31 December
1. Show the necessary adjustments for the following transactions: i. Rental Expenses: Paid RM1, 000 in 2020; owed (Accrued) RM200 as at 31 December 2020. ii. iii. Utilities Expenses: Paid RM440 in 2020; prepaid as at 31 December 2020 was RM40. Commission Received: Received RM540 in 2020; amount received in advance as at 31 December 2020 was RM50. Use the format given below to answer the question. Example: Rent Expenses: Paid RM900 in 2020; prepaid RM100 as at 31 December 2020. No Accounts i Rental Expenses Account (RM900-100) Extract Statement of Profit or Loss (RM) Expenses: RM800 Extract Statement of Financial Position (RM) Current Asset. Prepaid Rental Expenses: RM 100
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