Question
llowing is the shop's trial balance for SM Sundry Store as at 30 June 2015. SM Sundry Store Trial Balance as at 30 June
llowing is the shop's trial balance for SM Sundry Store as at 30 June 2015. SM Sundry Store Trial Balance as at 30 June 2015 Debit Credit RM Capital Land RM 257,100 250,000 Premise 120,500 Machinery 25,600 Motor vehicle 65,400 Cash 18,000 Bank 65,800 Account receivables and payables 23,500 Purchase and sales 37,800 43,850 182,500 Return inwards and outwards 2,100 4,200 Discount allowed and received 950 1,070 4% Loan from MBB Bank 210,500 4% Fixed deposit in AFB Bank 54,000 Investment 26,000 Utilities expense 2,300 Carriage inwards 4,600 Carriage outwards 1,030 Drawing 840 Provision for discount allowable 210 Provision for doubtful debts Accumulated depreciation of: 350 Premise Machinery Motor vehicle 25,700 8,900 10,650 Advertising expense Salesman's commission 650 1,210 Insurance 350 Office salaries 13,400 Salesman's salaries 8,400 Miscellaneous expenses 550 Motor vehicles repairs 430 Machinery repairs 520 Bank charge 510 Bad debts recovered 2,640 Bad debts 470 Duty import 2,160 Inventory at 1 July 2014 20,600 747,670 747,670
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started