Question
Mr. Sabri Salleh worked as an accountant with Saderi Company for the past seven years. His sudden death due to Covid 19, had affected
Mr. Sabri Salleh worked as an accountant with Saderi Company for the past seven years. His sudden death due to Covid 19, had affected accounting closing preparation for Saderi Company. Before his death, he managed to prepare a halfway unadjusted trial balance as of December 31, 2020, with several items are still in various respective ledger accounts. Incomplete and Unadjusted Trial Balance as at December 31, 2020 Property, plant and equipment 380,000 Debit (RM) Credit (RM) Accumulated depreciation 213,400 Cash 133,800 Accounts receivable 53,950 Inventories, December 31, 2020 260,000 10% Long-term Islamic investments 100,000 I Accounts payable 39,800 Sales revenue 970,000 Ordinary shares capital 320,000 Administrative expense 67,500 Selling expense 91,000 Other expenses 21,000 Retained earnings, December 31, 2020 167,000 Various balances that are still in ledgers: Patent RM80,000; Prepaid expense RM27,000; Allowance for doubtful account RM1,900; Sukuk (long-term debt) RM150,000; Unearned revenue RM80,000; Cost of goods sold RM712,000: Supplies RM10,000; and Income tax
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