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The following shows the unadjusted Trial Balance of Satyam Logistics Sdn Bhd during August 2018: Satyam Logistics Sdn Bhd Unadjusted Trial Balance for the month

The following shows the unadjusted Trial Balance of Satyam Logistics Sdn Bhd during August 2018:

Satyam Logistics Sdn Bhd

Unadjusted Trial Balance for the month ended August 31, 2018

Account Title

Balance

Debit(RM)

Credit(RM)

Service Revenue

820,000

Salaries Expenses

460,000

Delivery Expenses

230,000

Utility Expenses

50,000

Bank

52,000

Debtors (Acc Receivable)

79,000

Office Supplies

12,000

Prepaid Insurance

36,000

Furniture

80,000

Accumulated DepreciationDelivery Van

16,000

Creditors (Acc Payable)

56,000

Unearned Revenue

12,000

Satyam, Capital

100,000

Satyam, Withdrawals

5,000

Total

1,004,000

1,004,000

Additional information:

Depreciation was recorded on the Furniture using the straight-line method. Assume a useful life of five years with no salvage value.

Rent paid in advance for the month has expired. RM36,000 rent was paid in advance for four months period starting January 1.

Accrued Salaries Expenses, RM10,000.

Accrued Service Revenue, RM5,000.

Office Supplies on hand, RM6,000.

Required:

Prepare an Adjusted Trial Balance for Satyam Logistics Sdn Bhds as at August 31, 2018. (6 marks)

Prepare Satyam Logistics Sdn Bhds Statement of Comprehensive Income (Income Statement) and Statement of Owners Equity for the month ended August 31, 2018. (10 marks)

Prepare Satyam Logistics Sdn Bhds Statement of Financial Position (Balance Sheet) on August 31, 2018. (9 marks)

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