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Prepare Kenwood Sdn Bhd Statement of Comprehensive Income (income Statement) and Statement of Owner's Equity for the month ended August 31, 2021. Kenwood Sdn Bhd
Prepare Kenwood Sdn Bhd Statement of Comprehensive Income (income Statement) and Statement of Owner's Equity for the month ended August 31, 2021.
Kenwood Sdn Bhd is involved in selling furniture. The business' unadjusted trial balance as at 31 August 2021 is as follows: Kenwood Sdn Bhd Unadjusted Trial Balance as at 31 August 2021 Accounts Debit Credit RM RM 2,500 45,000 90,000 Prepaid Insurance Account receivable Machinery Delivery Truck Accumulated Depreciation - Machinery Accumulated Depreciation - Delivery Truck Bank Overdraft 120,000 8,250 11,000 3,000 Unearned Revenue 25,000 Loan @ 5% 120,000 80,000 st 18,000 78,000 Capital Inventory on 1 September, 2020 Purchases Sales Revenue Depreciation Expense - Machinery Depreciation Expense - Delivery Truck Interest Expense 198,500 8,250 11,000 5,500 Distribution Expense 8,000 10,000 Rent Expense Utilities Expense Salaries Expense 6,000 40,000 Insurance Expense 3,500 445,750 445,750Step by Step Solution
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