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A. Gogoda Enterprise offers office rental and cleaning services to their client. The following is adjusted trial balance of Gogoda Enterprise for the year ended
A. Gogoda Enterprise offers office rental and cleaning services to their client. The following is adjusted trial balance of Gogoda Enterprise for the year ended 31 December 2021: Gogoda Enterprise Adjusted Trial Balance 31 December 2021 Dr. Cr. RM RM Cash 15,400 Accounts Receivable 15,000 Prepaid Insurance 7,500 Building and Equipment 700,000 Accumulated Depreciation- 280,000 Building and Equipment Accounts Payable 5,800 Salaries and Wages Payable 1,100 Unearned Rent Revenue 800 Capital Stock 465,000 Retained Earnings 30,500 Cleaning Service Revenue 35,200 Rent Revenue 38,700 Salaries and Wages Expense 8,100 Sundry Expense 1,600 Insurance Expense 21,500 Utilities Expense 18,000 Depreciation Expense- 70,000 Building and Equipment 857,100 857,100 You are required to: i) ii) Calculate total revenues for the year ended 31 December 2021. (3 marks) Calculate total expenses for the year ended 31 December 2021. (6 marks) Prepare the Balance Sheet as at 31 December 2021. (13 marks)
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