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ASSIGNMENT 2: (CLO 2) Following is a trial balance that was extracted from the books of Syarikat Afif Resources on 31 December 2021: Accounts Debit
ASSIGNMENT 2: (CLO 2) Following is a trial balance that was extracted from the books of Syarikat Afif Resources on 31 December 2021: Accounts Debit (RM) Credit (RM) Capital 29,250 Drawings 4,600 Cash 9,200 Salaries and Wages Expense 23,000 Rental Revenue 68,000 Land 35,000 Accounts Receivable 12,350 Accounts Payable 18,000 Office Expenses 2,500 Utility Expenses 1,700 Prepaid Insurance 1,400 Building 15,000 Office Equipment 2,300 Vehicles 4,200 Inventory 4,100 Unearned Rental Revenue 500 Depreciation Expenses 400 115,750 115,750 The following additional information will be used to make adjustments at the end of the period: i) The total amount of salaries and wages accrued was RM5,000. ii) The amount of RM700 in insurance premiums expired for the year. iii) Unearned rental revenue amounted to RM350 in total. iv) Utility bills in the amount of RM200 have been received but have not yet been paid. You are required to prepare an adjusted trial balance as at 31 December 2021. (10 marks)
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