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Question 3: The accounts' balances for Klinik Dr. Aiman as at 31 December 2020 are as follows: Accounts Credit RM Debit RM 11,400 3,500 3,150
Question 3: The accounts' balances for Klinik Dr. Aiman as at 31 December 2020 are as follows: Accounts Credit RM Debit RM 11,400 3,500 3,150 1,250 10,650 4,500 144,750 14,375 138,500 Cash Accounts receivable Prepaid insurance Clinic supplies Clinic equipment Accumulated depreciation - Clinic equipment Clinic premise Accumulated depreciation - Clinic premise Land Wages payable Interest payable Notes payable Capital, Aiman Service revenue Wages expense Utilities expense Insurance expense Maintenance expense Interest expense Clinic supplies expense Depreciation expense - Clinic equipment Depreciation expense - Clinic premise Total 2,625 2,750 127,000 129,650 73,000 9,000 2,750 2,550 5,125 12,750 3,250 1,500 3,775 353,900 353,900 Required: a) Prepare the income statement for the year ended 31 December 2020. (6.5) b) Prepare the statement of owner's equity for the year ended 31 December 2020. (3) c) Prepare the balance sheet as at 31 December 2020
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