Question
Task 2 Following is a trial balance of Samira Repair Shop as at 31 December 2022: Samira Repair Shop Trial Balance 31 December 2022
Task 2 Following is a trial balance of Samira Repair Shop as at 31 December 2022: Samira Repair Shop Trial Balance 31 December 2022 Cash Accounts receivable Supplies Repair shop equipment Service truck Accounts payable Samira, Capital Samira, Withdrawals Service Revenue Supplies expense Rent expense Utility expense Gas expense Wages expense Totals RM 12,500 RM 1,500 500 27,000 33,000 2,600 39,525 36,000 125,000 3,425 18,000 6,000 7,200 22,000 167,125 167,125 Additional info: Samira made no additional investments in the company during the year. Required: 1. Prepare the following statements for Samira Repair Shop for 31 December 2022: i) An income statement; ii) A statement of owner's equity; and iii) A balance sheet. *Answer this task using Microsoft Excel template provided in e-Learn. Task 2 Following is a trial balance of Samira Repair Shop as at 31 December 2022: Samira Repair Shop Trial Balance 31 December 2022 Cash Accounts receivable Supplies Repair shop equipment Service truck Accounts payable Samira, Capital Samira, Withdrawals Service Revenue Supplies expense Rent expense Utility expense Gas expense Wages expense Totals RM 12,500 RM 1,500 500 27,000 33,000 2,600 39,525 36,000 125,000 3,425 18,000 6,000 7,200 22,000 167,125 167,125 Additional info: Samira made no additional investments in the company during the year. Required: 1. Prepare the following statements for Samira Repair Shop for 31 December 2022: i) An income statement; ii) A statement of owner's equity; and iii) A balance sheet. *Answer this task using Microsoft Excel template provided in e-Learn.
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