Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sejahtera Bhd has an authorized share capital of RM2,000,000 divided into 3,000,000 equity shares of 50cents and 500,000 12% redeemable preference shares of RM1.

image text in transcribedimage text in transcribed

Sejahtera Bhd has an authorized share capital of RM2,000,000 divided into 3,000,000 equity shares of 50cents and 500,000 12% redeemable preference shares of RM1. The following trial balance has been extracted from accounting records at 30 June 2020. Debit RM'000 Credit RM'000 50cents equity shares (paid) 500 12% RM1 preference shares (paid) 200 8% debentures 400 Retained earnings 1 July 2019 368 Freehold land and buildings (cost) 860 Plant and machinery (cost) 1,460 Motor vehicle (cost) 440 Accumulated depreciation at 1 July 2019 Freehold buildings Plant and machinery Motor vehicles Inventory at 1 July 2019 Sales Purchases 40 444 230 380 6,590 4,304 Final dividends for year end 30 June 2019: Equity Interim dividends for the year end 30 June 2020 Preference Equity Debenture interest Wages and salaries Light and heat Irrecoverable debt expense Other administration expenses Receivables Payables Allowance for receivables Corporation tax paid Bank 40 12 16 16 508 62 30 196 578 390 20 112 168 RM9,182 RM9,182

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_2

Step: 3

blur-text-image_3

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

Payroll Accounting 2016

Authors: Bernard J. Bieg, Judith Toland

26th edition

978-1305665910, 1305665910, 1337072648, 978-1337072649

More Books

Students also viewed these Accounting questions

Question

Are summer stipends available?

Answered: 1 week ago