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5. The following information was extracted from the books of Fariza Trading. Balance as at 1 October 20X2: Prepaid advertising expenses RM5,625 Rent income received
5. The following information was extracted from the books of Fariza Trading. Balance as at 1 October 20X2: Prepaid advertising expenses RM5,625 Rent income received in advance RM1,200 During the year ended 30 September 20x3, the following transactions were identified. Payment for advertising expenses by cheque RM6,000 Received rent income in cash RM14,400 Balances as at 30 September 20X3: Accrued advertising expenses RM2,500 Rent income received in advance RM1,200 You are required to prepare the following: (a) Advertising expense account (b) Rent income account (c) Statement of profit or loss (extracts) for the year ended 30 September 20X3 (d) Statement of financial position (extracts) as at 30 September 20X3
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