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Cleanshine Products and Services Unadjusted Trial Balance 31 December 2020 Dr Cr. RM RM 15,370 5,720 2,230 2,100 1,800 16,000 3,200 4,280 Cash Accounts Receivable
Cleanshine Products and Services Unadjusted Trial Balance 31 December 2020 Dr Cr. RM RM 15,370 5,720 2,230 2,100 1,800 16,000 3,200 4,280 Cash Accounts Receivable Inventory, as at 1 January 2020 Prepaid Insurance Insurance Expense Equipment Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Expense Unearned Revenue Revenue Capital Retained Earnings Cost of Goods Sold Sundry Expense Utilities Expense Rent Expense 28,600 2,760 87,200 20,000 3,980 21.500 200 13200 13200 121.420 TNT 121,420 QUESTION 1 Based on the Unadjusted Trial Balance of Cleanshine Products and Services for the financial year ended 31 December 2020, calculate the following: a. Total assets (6 marks) b. Total liabilities (2 marks) C. Purchase of inventory for the year ended 2020. The beginning inventory for fiscal year 2020 is RM1,380. (4 marks)
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