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3. Encik Rashid owns an established mini market in Taman PKNK, Alor Setar named Untung Mini Market. The following data for Untung Mini Market, are
3. Encik Rashid owns an established mini market in Taman PKNK, Alor Setar named Untung Mini Market. The following data for Untung Mini Market, are taken from the ledger after adjustments on December 31, 2019 the end of the fiscal year. As a newly hired account clerk, you are required to prepare these statements according to the current practice in Malaysia: (a) a Multiple-Step Statement of Statement of Profit or Loss and Other Comprehensive Income, (b) a Statement of Changes in Equity, and (c) a Statement of Financial Position. Account Accounts Payable Accounts Receivable Accumulated Depreciation - Office Equipment Accumulated Depreciation - Store Equipment Administrative Expenses Cash Cost of Merchandise Sold Encik Rashid, Capital Encik Rashid, Drawing Interest Expense Merchandise Inventory Notes Payable, Due 2022 Office Equipment Prepaid Insurance Rent Revenue Salaries Payable Sales Sales Discounts Sales Returns and Allowances Selling Expenses Store Equipment Supplies RM 97.200 64,300 72,750 162.100 56,500 53,000 121,700 81.750 52,000 12.000 93,250 154,000 149,750 6.500 17,500 28,700 401,700 12,200 24,000 41.500 325,000 4,000
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