can see now? in my iphone its clear but when i put in chegg, it becomes blur
entre Question 1 Amilia was a sole proprietor who started off her business as an apparel manufacturer. Following was the trial balance of Armilla as at 31 May 2019. Credit RM Debit RM 225.000 100.000 120,000 8.500 18,900 24,850 50.900 16,000 14.100 Building Motor vehicles Machinery Accumulated depreciation as at 1 June 2018 Building Motor vehicles Machinery Direct wages Trade receivables Trade payables Royalties Sales Other distribution costs Other administrative expenses Bank overdraft Purchases of raw materials Opening inventories as at 1 June 2018 Raw materials Finished goods Utilities 18.000 392 870 39,700 56.000 9,800 102,400 20.930 25.000 18.000 8,980 19,800 Telephone expenses Salaries of factory supervisors Capital Drawings 340,000 5,260 826,020 826,020 Additional information: 1 Closing raw materials as at 31 May 2019 was amounted to RM21,760. Closing finished goods was valued at RM31,680. 2 Depreciation rate for non-current assets were: Building 2% per annum on cost Motor vehicles 10% per annum using reducing balance basis Machineries 10% per annum using straight-line basis 3. Depreciation on building is to be split equally among the divisions. /3 4. Shared expenses were apportioned to cost of sales, distribution costs and administrative expenses in the following ratio: Factory Warehouse Office 1 Depreciation on motor vehicles Utilities Telephone expenses 1 3 Required: Prepare for Amilia, the following accounts: (a) Manufacturing account for the year ended 31 May 2019, (b) Statement of profit or loss for the year ended 31 May 2019, and (c) Statement of financial position as at 31 May 2019, Question 1 Amilia was a sole proprietor who started off her business as an apparel manufacturer. Following was the trial balance of Amilia as at 31 May 2019. Debit Credit RM RM Building 225,000 Motor vehicles 100,000 Machinery 120,000 Accumulated depreciation as at 1 June 2018: Building 25,500 Motor vehicles 18,900 Machinery 24,850 Direct wages 50,900 Trade receivables 16,000 Trade payables 14,100 Royalties 18,000 Sales 392,870 Other distribution costs 39,700 Other administrative expenses 56,000 Bank overdraft 9,800 Purchases of raw materials 102,400 Opening inventories as at 1 June 2018: Raw materials 20,980 Finished goods 25,000 Utilities 18,000 8,980 19,800 Telephone expenses Salaries of factory supervisors Capital Drawings 340,000 5,260 826,020 826,020 2 Additional information: 1. Closing raw materials as at 31 May 2019 was amounted to RM21,760. Closing finished goods was valued at RM31,680. Depreciation rate for non-current assets were: Building 2% per annum on cost Motor vehicles 10% per annum using reducing balance basis Machineries 10% per annum using straight-line basis 3. Depreciation on building is to be split equally among the divisions. 73 4. Shared expenses were apportioned to cost of sales, distribution costs and administrative expenses in the following ratio: Factory Warehouse Office 2 3 1 Depreciation on motor vehicles Utilities Telephone expenses 1 3 1 1 1 Required: Prepare for Amilia, the following accounts: (a) Manufacturing account for the year ended 31 May 2019, (b) Statement of profit or loss for the year ended 31 May 2019; and (c) Statement of financial position as at 31 May 2019
