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QUESTION 10 (C3, C4) Abdul Wahub owned a shop called Perniagaan Burung AW. Here is the Unadjusted Trial Balance as at 31 December 2019.
QUESTION 10 (C3, C4) Abdul Wahub owned a shop called Perniagaan Burung AW. Here is the Unadjusted Trial Balance as at 31 December 2019. Perniagaan Burung AW Unadjusted Trial Balance as at 31 December 2019. RM RM Capital 17,075 Drawings 629 Inventories at Jan. 1 2019 500 Purchases 3,500 Sales 6,000 Salaries expense 1,800 Sales returns and allowances 25 Purchase returns and allowances 20 Sales discount 100 Purchase discount 80 Rental expense 1,138 Food & Medicine expense for Birds 162 Freight - in 120 Accounts Receivable 2,050 Accounts Payable 1,080 Shop equipment 2,840 Van 3,000 Cash 8,391 Total 24,255 24,255 Additional information: i. ii. iii. iv. V. Inventories at 31 December 2019 is RM700. Abdul Wahub recorded personal expenditure of RM15 as cash. RM200 from the rental expense was for the month of January 2019. Accrued Clerk salary for December 2019 at RM400. All non-current assets are depreciated by 5% at cost value. Required: a. b. C. d. Show records of adjustments involved. Prepare Statement of Comprehensive Income for the year ended December 31, 2019. Prepare Statement of owner's equity for the year ended December 31, 2019. Prepare the Statement of Financial Position as at December 31, 2019.
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