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Question 1 (40 marks) Case Study: Amanda Company The following is the unadjusted trial balance of Amanda Company as at 31 December 2017: Account title
Question 1 (40 marks) Case Study: Amanda Company The following is the unadjusted trial balance of Amanda Company as at 31 December 2017: Account title Debi Credit (S'000) (S'000) 900 Office equipment Accumulated depreciation at 1 January 2017 -Office equipment Amanda Chan, Capital Amanda Chan, Withdrawals Cash at bank Accounts payable Bank loan (required to make a $35,000 repayment during financial year ended 31 December 2018 Sales Purchases Purchases returns / Returns outwards Office supplies Inventory at I January 2017 Utilities expense Accounts receivable nsurance expense Interest expense Rental income Unearned rental income Salaries expense Prepaid insurance Office supplies expense Depreciation expenseOffice equipment Salaries payable Total 360 1,054 80 63 85 200 1,500 50 950 40 520 29 390 128 388 12 3,3773,377
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