Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

hi, please help me solve this question. thanks alot. Question 4 Prepare the year end adjusting journal entries for the following transactions in the GENERAL

hi,
please help me solve this question. thanks alot.
image text in transcribed
Question 4 Prepare the year end adjusting journal entries for the following transactions in the GENERAL JOURNAL. Narratives are required. a. Depreciation on equipment at cost of RM450,000 and accumulated depreciation of RM25,000 is charged at 10% per annum with reducing balance method. (3 marks) b. Office furniture at cost of RM200,000 is expected to be used for 10 years with salvage value of RM3,000. (3 marks) c. As at 31 December, commission income received in advance is amounting to RM2,500. (3 marks) d. Travelling expense accrued for RM300. (3 marks) e. The owner of the business withdrew RM1,400 cash from the office. (3 marks) .5/

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Islamic Accounting

Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim

1st Edition

1119023297, 9781119023296

More Books

Students also viewed these Accounting questions