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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

103,500

Salaries Expenses

45,000

Fuel Expenses

7,500

Utility Expenses

48,000

Bank

676,500

Debtors

39,000

Office Supplies

21,000

Prepaid Rent

22,500

Motor Vehicle

600,000

Accumulated DepreciationMotor vehicle

7,500

Creditors

12,000

Unearned Revenue

96,000

Satyam, Capital

1,300,500

Satyam, Withdrawals

60,000

Total

1,519,500

1,519,500

Additional information:

Depreciation was recorded on the motor vehicle using the straight-line method. Assume a useful life of five years and a salvage value of RM150,000.

Rent paid in advance for the month has expired. RM30,000 rent was paid in advance for four months period starting July 1.

Accrued Salaries Expenses, RM30,000.

Accrued Service Revenue, RM36,000.

Office Supplies on hand, RM3,600.

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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