Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

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 3,500 445,750 445,750

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

Accounting

Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,

Volume 1, 2nd canadian Edition

176509739, 978-0176509736, 978-0176509743

More Books

Students also viewed these Accounting questions

Question

Explain the importance of Human Resource Management

Answered: 1 week ago