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The following accounts balances are taken from the accounting books of Cafe Tenang Enterprise as at 30th June 2020. Additional information : 1. Stock as
The following accounts balances are taken from the accounting books of Cafe Tenang Enterprise as at 30th June 2020. Additional information : 1. Stock as at 30th June 2020 RM4,158. 2. Bad debt to be written off is RM150. 3. Provision for doubtful debt is 5% on net debtor. 4. Accrued commission of RM245 was identified. 5. Bad debt recovered by cheque was recorded at RM150. 6. Prepaid insurance RM105. 7. Accrued expenses : a. Rental RM33 b. Utilities RM93 8. Depreciation a. Straight line method ( 20% per annum) for motor vehicle. b. Reducing balance method ( 10% per annum) for furniture and office equipment. You are required to report the following : a. Statement of Comprehensive Income for the year ended 30th June 2020
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