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6* Answer in word please. thank you. At month end, Sidratul Muntaha Sdn Bhd close the following balance in their Unadjusted Trial balance: Sidratul Muntana
6* Answer in word please. thank you.
At month end, Sidratul Muntaha Sdn Bhd close the following balance in their Unadjusted Trial balance: Sidratul Muntana Sdn Bhd Unadjusted Trial Balance 30 November 2019 Cr (RM) Account Bank Account Receivable Supplies Prepaid Insurance Equipment Office building Drawing Salary expenses Sundry expenses Rent Utilities bills Purchases Sales Creditors Notes Payable Account Payable Capital Long Term Loan Unearned Service Revenue Service revenue Dr (RM) 33,100 12,500 5,500 1,800 18,000 240,000 1,500 10,000 1,000 2,000 700 8,400 55,400 2,000 6,000 7,500 50,000 180,000 3,600 30,000 As an Account Manager in Sidratul Muntana Sdn Bhd, you realise the following entries have not yet been effected: 1) Depreciation for office building and equipment have not been recorded yet. The company maintain straight line depreciation policy for office building over 20 years and equipment over 3 years. 2) Inventory count at the close of business on November 30 reveals that only RM2,500 of supplies are still on hand. 3) Production department updated that jobs for unearned service revenue of RM3,600 was completed by 50 percent. 4) Sidratul Muntaha earned RM800 for a maintenance services done for Icahfa Company that yet to be recorded. 5) Sidratul Muntaha employed four full time staff and their total salaries was RM18,700. Salaries was paid on cut-off date November 24, and the next salaries payment is 7 December. 6) One-year fire insurance policy was paid RM1800. Coverage began on November 1. 7) The company was approved a long-term loan of RM180,000 for the purchase of the office building. Interest on long-term loan of 4.5% per annum has not been paid yet. 8) Sidratul Muntaha signed a three-month note payable of RM6,000 on November 1. The note requires Sidratul Muntaha to pay interest at an annual rate of 12%. 9) Management of the company has decided to provide for 10% for doubtful debts from the Account Receivable. 10) The owner took out RM1,000 for his personal use and the entries is yet to be recorded. REQUIRED: Prepare the respective Journal Entries and the Adjusted Trial Balance for Sidratul Muntaha Sdn Bhd as at 30 November 2019Step by Step Solution
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