Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 4 The following balances were extracted from the books of Happy Pet Shop on 31 December 2019: Accounts Amount (RM) Building 200,000 Motor vehicles

image text in transcribed
Question 4 The following balances were extracted from the books of Happy Pet Shop on 31 December 2019: Accounts Amount (RM) Building 200,000 Motor vehicles 120,000 Plant and machinery 70.000 Profit as at 01.01.2019 10,850 Capital 100,000 Acc depreciation as at 31.12.2019 : Building 60,000 Acc depreciation as at 31.12.2019: Motor vehicles 69,250 Acc depreciation as at 31.12.2019: Plant & machinery 40,000 Sales 612,000 Commission revenue 100.000 Purchases 348,000 Sales discounts 5,000 Purchase discounts 3,500 Opening inventory 12,000 Trade receivables 26,700 Trade payable 43,200 Administrative expenses 18,000 Staff training cost 4,000 Bad debts 12,500 Motor expenses 27,000 Rental 90,000 Bank overdraft 13,400 Wages and salaries 115,000 Interest 6,000 Unearned commission for December 2019 2,000 Required:- Assuming all accounts are in normal balance, prepare the trial balance as at 31 December 2019 [14 marks] ...6/

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Auditing Assurance And Consulting Services

Authors: Kurt F. Reding, Paul J. Sobel, Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Mark Salamasick, Contributing Writer, Cris Ridd, Richard Tuschman

1st Edition

0894136100, 978-0894136108

More Books

Students also viewed these Accounting questions