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Required: 1) Prepare Super maju enterprise's income statement for the year endend 31 December 2021 2) prepare Super maju enterprise's statement of financial position as
Required:
1) Prepare Super maju enterprise's income statement for the year endend 31 December 2021
2) prepare Super maju enterprise's statement of financial position as at 31 December 2021
please show calculations in details
prepare :
Guestion 2 The folowing lat of boktincos was extiocted hom the bocki of Supet Mojo Enteprot on of 31 Decembet 2021 the following acitiona intermation is evalotie or at 31 December zpil: a) Rent terenve recelved in odvance amountere to RA7so c) Depreciation Metor vehicie-205 per anvum on reducing bolonce mettiod. futures and titfern - 104 per onfum or shoight line the thad. d) Rate occrued wat PMSO 1) Convistien ievenue of 24500 was stat not iocelvod (i) ivetinary as at 31 bectrrieet 2021 is FM19,050. Quettion 2 The folowing lst of balances was extrocted trom the books of Super Maju Enterprise as at 31 December The following odditional informafion is avaloble as at 31 Decerrber 2021 : a) Rent revenue received in odvance amounting to RW750. b) The loan from Afin Bank was faken on 1 July 2021 and the interest charged is 8% per aninum. c) Depreciation: Motor vehicle 20% per annum on recucing bolance method. Fatures and fittings 105 per annum on stroight line method. d) Rate occrued was RMSO. a) Insurance expenses amounting to ReV3s0 is for January 2022. 1) Cornirission revenue of RM500 was stil not teceived. 9) Provision tor doubtful debts should be increased by RMV50. h) The ownet took RMI,000 cash fo poy his son's hospital bil. i) Inventory as at 31 December 2021 is RM19.0s0 a) Super maju enteprise income statement for the year ended 31 December 2021
b) super maju enterprise of financial position as at 31 December 2021
please show the calculation in details
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