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please answer this Credit RM 4,500 14,375 accounts' balances for Klinik Dr. Khuzairi as at 30 June 2020 are as follows: Accounts Debit RM Cash
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Credit RM 4,500 14,375 accounts' balances for Klinik Dr. Khuzairi as at 30 June 2020 are as follows: Accounts Debit RM Cash 11,400 Accounts receivable 3,500 Prepaid insurance 3,150 Clinic supplies 1,250 Clinic equipment 10,650 Accumulated depreciation - Clinic equipment Clinic premise 144,750 Accumulated depreciation - Clinic premise Land 138,500 Wages payable Interest payable Notes payable Capital, Khuzairi Consultation revenue Wages expense 9,000 Utilities expense 2,750 Insurance expense 2,550 Maintenance expense 5,125 Interest expense 12,750 Clinic supplies expense 3,250 Depreciation expense - Clinic equipment 1,500 Depreciation expense - Clinic premise 3,775 Total 353,900 Required: + a) Prepare the income statement for the year ended 30 June 2020.(5.5) b) Prepare the statement of owner's equity for the year ended 30 June 2020.(1.5) c) Prepare the balance sheet as at 30 June 2020. 2,625 2,750 + 127,000 129,650 73,000 353,900Step by Step Solution
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