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Question 5 The following year-end unadjusted trial balance is for Jaya as at 31 December 2018. Jaya Unadjusted Trial Balance as at 31 December 2018
Question 5 The following year-end unadjusted trial balance is for Jaya as at 31 December 2018. Jaya Unadjusted Trial Balance as at 31 December 2018 RM RM 610,000 335,000 194,300 40,000 16,000 380,000 70,000 41,900 106,400 33,500 Land Building Accumulated Depreciation - Building Office Equipment Accumulated Depreciation - Equipment Investment in Shares Intangible Assets - Licensing Agreement Supplies Accounts Receivable Cash Accounts Payable Supplies Payable Long-term Note Payable Jaya , Capital Jaya, Withdrawals Services Fees Earned Salaries Expense Insurance Expense Utilities Expense Repair Expense Interest Expense 51,000 14,300 310,000 800,000 90,000 621,000 213,500 25,800 32,000 13,500 15,000 2,006,600 2,006,600 Additional information: i. Depreciation on building is at 2% per annum ii. Depreciation on office equipment is at 20% per annum. ii. Doubtful debts are estimated to be 1% of service fees earned. Required: a. Prepare the Statement of Comprehensive Income for the Year Ended 31 December 2018 (6 marks) b. Prepare the Statement of Financial Position as at 31 December 2018.(14 marks)
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