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Question 2. Thank you in advance!! Question 2 The following balances were taken from the Statement of Financial Position of Suaini Trading as at 31
Question 2. Thank you in advance!!
Question 2 The following balances were taken from the Statement of Financial Position of Suaini Trading as at 31 December 20x6 and 31 December 20x7. 31 December 20x6 31 December 20x7 (RM) (RM) Prepaid utility expense 3,000 Rental revenue received in advance 7,500 Accrued salary expense 600 2,400 The Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 20x7 showed the following items: Utility expense Rental revenue RM3,600 RM48,000 Salary expense RM6,600 Required Determine the: (a) Cash paid during the year ended 31 December 20x7 on utility expense (b) Cash received during the year ended 31 December 20x7 on rental revenue. (c) Cash paid during the year ended 31 December 20x7 on salary expense. Show all workings: Prepare the utility expense account, the rental revenue account and the salary expense account. the ncome alc mill be Expense OPposite of expense alc. Repaid bld Accrued bld xx Inome ST/ x Cash P& L Bank Auved cid x Prep cld xxStep by Step Solution
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