Question
La Vie En Rose Bakery Co. Adjusted Trial Balance June 30, 2021 Debit(RM) Credit(RM) Cash 30,000 Prepaid Insurance 1,375 Baking Supplies 2,200 Accounts Receivable 4,000
La Vie En Rose Bakery Co. Adjusted Trial Balance June 30, 2021 | |||
Debit(RM) | Credit(RM) | ||
Cash | 30,000 | ||
Prepaid Insurance | 1,375 | ||
Baking Supplies | 2,200 | ||
Accounts Receivable | 4,000 | ||
Fixtures & Fittings | 4,500 | ||
Bakery Equipment | 7,000 | ||
Account Payable | 7,300 | ||
Note Payable | 15,000 | ||
Accumulated Depreciation - Equipment | 300 | ||
Salaries Payable | 200 | ||
Ordinary Share Capital | 25,000 | ||
Dividends | 1,500 | ||
Service Revenue | 15,300 | ||
Advertising Expenses | 500 | ||
Rent Expense | 1,000 | ||
Salaries Expense | 7,500 | ||
Utilities expense | 2,300 | ||
Supplies expense | 800 | ||
Insurance expense | 125 | ||
Depreciation expense - equipment | 300 | ||
63,100 | 63,100 |
a) Prepare income statement
b) Prepare retained earning statement
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