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Suzana opened a Divine Creations Company on 1 June 2020, a company that provides craft opportunities by investing RM20,000 cash in the business 4-Following are
Suzana opened a Divine Creations Company on 1 June 2020, a company that provides craft opportunities by investing RM20,000 cash in the business 4-Following are the accounts come from the ledger of the company at 30 June 2020. RM Accounts receivable 4.000 Sales (all credit) 120,000 Service revenue 95,000 Salaries expense 42,000 Accounts payable 22.000 Suzana, Drawing 8,000 Equipment 88,000 Short term debt 2,000 Notes payable 19,000 Cost of goods sold 58,000 Insurance expense 3,000 Gas and oil 6,000 Craft Supplies 65,000 Cash 7,000 Required: Calculate the followings Net income b. Non-current assets. Total liabilities d. Owner's equity
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