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CASE 1-15% The adjusted trial balance for Perniagaan Idaman is as follows: Perniagaan Idaman Ajdusted Trial Balance December 31st, 2019 CREDIT (RM) DEBIT (RM) 95,000
CASE 1-15% The adjusted trial balance for Perniagaan Idaman is as follows: Perniagaan Idaman Ajdusted Trial Balance December 31st, 2019 CREDIT (RM) DEBIT (RM) 95,000 35,000 25,000 15,000 220,000 Cash Accounts Receivables Supplies Prepaid Insurance Equipment Accumulated depreciation - Equipment Accounts payable Salary payable Unearned Service Revenue Capital Sales revenue Salary expense Utilities expense Insurance expense Depreciation expense - Equipment Supplies expense Total 12,000 20,000 15,000 15,000 200,000 285,000 85,000 46,000 5,000 6,000 15.000 547.000 547.000 Required: Based on the account balances information above, prepare for Perniagaan Idaman: i) Income Statement for the period ended December 31 2019, (3marks) il) Statement of Changes in Owner's Equity for the period ended December 31st 2019, (2 marks) iii) Balance Sheet as at December 31 2019, (5 marks) iv) Explain the business' performance during the period using at least four (4) suitable ratios
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