Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 5 After you have prepared the trial balance for Question 4, you notice the following information:- (0) (ii) Telephone bill for December amounting to
Question 5 After you have prepared the trial balance for Question 4, you notice the following information:- (0) (ii) Telephone bill for December amounting to RM200 has been received but not recorded. 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. Included in rental expenses is rental paid for January 2020 amounting to RM2,000. Half of the commission revenue has been earned at December 31, 2019. (ii) (iv) 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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started