Question
Sunshine Computer Sales and Services Adjusted Trial Balance as at 31 st December 2019 Account Titles Debit (RM) Credit (RM) Capital 114,000.00 Motor vehicle 45,000.00
Sunshine Computer Sales and Services
Adjusted Trial Balance as at 31st December 2019
| Account Titles | Debit (RM) | Credit (RM) |
| Capital |
| 114,000.00 |
| Motor vehicle | 45,000.00 |
|
| Office equipment | 20,000.00 |
|
| Bank | 185,996.67 |
|
| Petty cash | 146,646.00 |
|
| Sales |
| 413,530.00 |
| Return inwards | 9,000.00 |
|
| Purchases | 121,000.00 |
|
| Return outwards |
| 13,000.00 |
| Discount allowed | 6,180.00 |
|
| Discount received |
| 510.00 |
| Insurance | 2,640.00 |
|
| Petrol | 4,000.00 |
|
| Salaries | 76,000.00 |
|
| Stationary supplies | 3,900.00 |
|
| Stationery cost | 1,900.00 |
|
| Telephone | 6,154.00 |
|
| Upkeep of motor vehicle | 4,000.00 |
|
| Water and electricity | 7,000.00 |
|
| Interest income |
| 30,000.00 |
| Bank loan |
| 100,000.00 |
| Furniture | 2,500.00 |
|
| Account payable |
| 5,000.00 |
| Account receivable | 50,000.00 |
|
| Depreciation (furniture) | 20.83 |
|
| Depreciation (office equipment) | 1,583.33 |
|
| Depreciation of motor vehicle | 2,000.00 |
|
| Accumulated depreciation (furniture) |
| 20.83 |
| Accumulated depreciation (office equipment) |
| 1,583.33 |
| Accumulated depreciation (motor vehicle) |
| 2,000.00 |
| Prepaid insurance |
| 240.00 |
| Salaries payable |
| 15,000.00 |
| Interest expense | 5,333.33 |
|
| Accrued interest payable |
| 5,000.00 |
| Customer services |
| 950.00 |
| TOTAL | 700,854.16 | 700,854.16 |
Prepare the financial statements which include profit&loss statement and statement of financial position.
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