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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 |
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(10 Marks)
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