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Prepare an Income Statement for the year ending 31 Dec 2021 Trial Balance for Company A on 30 Dec 2021 Additional information to consider: 1.
Prepare an Income Statement for the year ending 31 Dec 2021
Trial Balance for Company A on 30 Dec 2021 Additional information to consider: 1. Company owner Mr. Aziz has taken cash of RM1,000 for own use where not recorded anywhere. 2. Accrued expenses: a. Advertising - RM1,280 b. Electricity and water - RM 600 c. Loan interest for a year - RM4,110 3. Depreciation: a. Vehicle - RM10,200 b. Office Equipment - RM5,200 4. Prepaid expenses: a. Salary and wages - RM2,700 b. Rent - RM1,100 c. Outbound transport - RM 320 5. The final stock on 30 Dec 2021 is RM32,600Step by Step Solution
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