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Help Accounting ! 6. The following are unadjusted account balances extracted from the ledger of Hafizi Trading as ar 3 July 2010: Cr (RM) 4,000
Help Accounting !
6. The following are unadjusted account balances extracted from the ledger of Hafizi Trading as ar 3 July 2010: Cr (RM) 4,000 8,500 Dr (RM) 6,000 Salaries and wages Commission revenue Stationery Rent revenue Interest revenue 400 3,000 The following adjustments were to be made on 31 July 2010 (a) Salaries and wages of RM2,400 was not paid b) Commission revenue received in advance amounted to RM1,000. (e) RM100 of the stationery was not yet used up (d) RM500 of rent revenue was for August 2010. (e) Interest revenue of RM800 was not yet received. Required: (a) Relevant accounts affected by the above adjustments (b) Income staternent (extracts) for the year ended 31 July 2010 (c) Balance sheet (extracts) as at 31 July 2010 Step by Step Solution
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