Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 5 After you have prepared the trial balance for Question 4, you notice the following information:- (i) Telephone bill for December amounting to RM200

Question 5 After you have prepared the trial balance for Question 4, you notice the following information:- (i) Telephone bill for December amounting to RM200 has been received but not recorded. (ii) One day of casual wages amounting to RM125 remains unpaid and unrecorded at December 31; the amount will be included with the first Friday payment in January 2020. (ii) Included in rental expenses is rental paid for January 2020 amounting to RM2,000. (iv) Half of the commission revenue has been earned at December 31, 2019. Required:- (a) Prepare the adjusting journals. [4 marks] (b) Prepare the adjusted Trial Balance. [8 marks] Question 6 Using the trial balance prepared in Question 5, prepare the Statement of Comprehensive Income and Financial Position as at 31 December 2019 for Pat Pet Shop. The closing inventories for Year 2019 was RM40,000. [20 marks]

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

Financial Accounting and Reporting

Authors: Barry Elliott, Jamie Elliott

18th edition

1292162406, 978-1292162409

More Books

Students also viewed these Accounting questions

Question

In terms of wavelength, show how far a wave travels in one period.

Answered: 1 week ago

Question

13. Let X be exponential with mean 1/; that is, fX (x) = ex , 0 1].

Answered: 1 week ago