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Help Accounting! Question 6 below is the extracted information from the trial balance for Paradise Sdn. Bhd. for the year ended 31 December 20x7. Particulars
Help Accounting!
Question 6 below is the extracted information from the trial balance for Paradise Sdn. Bhd. for the year ended 31 December 20x7. Particulars Rent revenue Salaries Utilities Insurance RM 20,000 16,000 10,000 19,200 CH APTER 8 ADJUSTMENTS AND PREPARATION OF FINANCIAL STATEMENTS The following information is required for the adjustments to Paradise Sdn Bhd's accounts for the year ended 31 December 20x7 I Salaries for the workers amounting to RM6,000 are still outstanding. 2 I nsurance expenses were for the period from 1/2/20x7 until 31/1/20x8. At the end of the accounting RM4,000. 3 period, Paradise Sdn Bhd had not received rent amounting t 4 Utility bill still outstanding amounts to RM600. Required: A B Prepare the journal entries for all the adjustments above Provide an extract of the statement of profit or loss and other comprehensive income and a statement of financial position for the year ended 31 December 2008 Step by Step Solution
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