Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

make a balance sheet by seeing a trail balance sheet 57 Credit (RM) 4,000 Wangi Company Ltd Trial balance as at 31 December 2013 Account

image text in transcribed

make a balance sheet by seeing a trail balance sheet

57 Credit (RM) 4,000 Wangi Company Ltd Trial balance as at 31 December 2013 Account Debit (RM) Cash in hand 34,400 Cash in bank 42,000 Inventory (1 January 2013) 38.000 Debtors (accounts receivable) 59,000 Prepaid insurance 18,600 Land 120,000 Buildings 90,000 Accumulated depreciation - Buildings Equipment 110,000 Accumulated depreciation - Equipment Creditors (accounts payable) Unearned revenue Accrued mortgage Ordinary shares Retained earnings Dividends 15,500 Sales Purchases 103,000 Salary expense 64,000 Repair expense 15,500 Advertising expense 10,400 Utility expense 15,900 Property tax 10,000 Interest expense 5,500 Total 751,800 Required 26,200 24,600 2,700 50,000 300,000 49,700 294,600 751,800

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

Step: 3

blur-text-image

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

Sustainability Performance And Reporting

Authors: Irene M. Herremans

1st Edition

1951527208, 9781951527204

More Books

Students also viewed these Accounting questions