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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. 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. (iv) Required:- (a) Prepare the adjusting journals. [4 marks] (b) Prepare the adjusted Trial Balance. [8 marks] 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. 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. (iv) Required:- (a) Prepare the adjusting journals. [4 marks] (b) Prepare the adjusted Trial Balance. [8 marks]
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