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Prepare the Statement of Financial Position as of 31 December 2019, for TT Resources Berhad. Account Payable Common Stock Investment Securities Accumulated Depreciation Prepayment Other
Prepare the Statement of Financial Position as of 31 December 2019, for TT Resources Berhad.
Account Payable | Common Stock | Investment Securities | Accumulated Depreciation | Prepayment |
Other Reserved | Tax Payable | Equipment | Cash | Account Receivable |
Preferred Stock | Long-Term Financing | Retained Earnings | Notes Payable | Accrued Expenses |
Mortgage Loan | Bank | Bond |
RM 51,000 | RM 41,000 | RM 5,000 | RM30,000 | RM 18,800 |
RM50,000 | RM 25,500 | RM 32,000 | RM 10,000 | RM 62,000 |
RM 46,200 | RM 66,000 | RM 90,000 | RM 23,500 | RM 35,000 |
RM 44,000 | RM 42,000 | RM 188,000 |
Additional Information:
- Land: RM 300,000
- Inventories: RM40,000
- Current Ratio: 1.5 Times
- Cash & Banks = 35% of Currents Assets
- Retained Earnings = 12% of Fixed Assets
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