Answered step by step
Verified Expert Solution
Question
1 Approved Answer
write in a table 5. Following is the trial balance of Happy Enterprise Trial Balance as at 31 May 2012 Debit RM Credit RM 18,600
write in a table
5. Following is the trial balance of Happy Enterprise Trial Balance as at 31 May 2012 Debit RM Credit RM 18,600 Sales Purchases Opening Inventory Carriage outwards Carriage inwards Returns inwards Returns outwards Salaries and wages Motor Expenses Rent Sundry expenses Motor vehicles Fixtures and Fittings 11,556 3,776 326 234 440 355 2,447 664 576 1,202 2,400 600 4,577 Debtors 3,045 Creditors Cash at bank Cash in hand Drawings Capital 3,876 120 2,050 12,844 34,844 34,844 Inventory as at 31 May 2012 was RM4, 998. You are required to: (a) Prepare an income statement for the year ended 31 May 2012 (b) Prepare a balance sheet as at 31 May 2012Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started