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Question 2 Using the following accounts in Table (1) below, prepare a Balance Sheet for Bills Bath Shoppe as at 31.12.2020 Cash RM15,200 Account Receivable

Question 2

Using the following accounts in Table (1) below, prepare a Balance Sheet for Bills Bath Shoppe as at 31.12.2020

Cash

RM15,200

Account Receivable

RM200

Supplies

RM1,000

Notes Payable

RM5,000

Office Equipment

RM5,000

Depreciation

RM40

Account Payable

RM2,500

Interest Payable

RM50

Unearned Revenue

RM800

Salaries Payable

RM1,200

Common Stock

RM10,000

Prepaid Insurance

RM550

Retained Earnings

RM2,360

(10 Marks)

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